are you prefering to have your loves one stay by your side, or you prefer to stay with the money they left for you that claims from life insurance company?
2007-10-01 04:49:02 · 12 answers · asked by mimibikun 1 in Environment ➔ Conservation
Life insurance to me means I can create an estate for my loved ones if I pass away unexpectadly. I don't want my wife and daughter to lose the house if I die. So, I want to make sure they have enough to pay for things for a couple of years at least. I am willing to pay some now to have peace of mind in regards to their future. Oh, and the same goes for my wife.
2007-10-01 05:11:48 · answer #1 · answered by Anonymous · 3⤊ 1⤋
What life insurance means to me is a way to manage my family's risk against financial devastation. If I die, my family won't have to worry about how they would survive financially without my income. So I have life insurance to replace my income.
In the meantime, I also created a plan to build wealth so that I don't need to purchase life insurance anymore. I put $333/month into mutual funds in my Roth IRA. So far, I've been getting 14% rate of return. I don't know how it will do in the future, but I can only hope it will continue to grow.
2007-10-04 12:56:57 · answer #2 · answered by Anonymous · 1⤊ 0⤋
I prefer to have a business not a life insurance! The insurance is finish in time but the business produce the money all the time (even if I die and maybe more after my end). But of course first I prefer to be with my wife!
Sebastian Varga
environmentalist and business man
"Change your mind and you will change the World"
Norman Vincent Peale
2007-10-01 06:04:46 · answer #3 · answered by Sebastian Varga 1 · 0⤊ 1⤋
It is not really life insurance but death insurance. The only way to collect on most policies is to die. Young adults that have small children are most in need of this type of insurance to ensure that the surviving spouse and children do not have any financial hardship in case of a tragedy. Older adults may not find it very valuable depending on their financial situation.
2007-10-01 05:54:26 · answer #4 · answered by Truth is elusive 7 · 2⤊ 0⤋
LIFE INSURANCE IS FOR THE LIVING AND NOT FOR THE DEAD! So let the loved living have a comfortable life even if you are not there to share it!
2007-10-03 19:26:24 · answer #5 · answered by findito 3 · 0⤊ 0⤋
life insurance is a bet that you are going to die before you have paid in as much as the insurance company's are willing to pay out you are beting on dieing that is all
2007-10-02 13:07:22 · answer #6 · answered by oildog#1 3 · 1⤊ 0⤋
The only people who need life insurance are those who die.
That means most people need it.
2007-10-01 08:12:55 · answer #7 · answered by BAL 5 · 1⤊ 0⤋
life insurance really means money for those left behind ,and it can easier get you killed than securing your life in any way.
2007-10-01 09:53:46 · answer #8 · answered by Anonymous · 1⤊ 0⤋
it is insurance company doing business of insuring people.and autonomous and govt of india undertaking company.
2016-05-18 00:55:09 · answer #9 · answered by ? 3 · 0⤊ 0⤋
I would definitely prefer to have my loved ones stay by my side.......
2007-10-01 04:57:26 · answer #10 · answered by puanani 5 · 2⤊ 0⤋