Last updated: July 1st, 2018
We have already discussed about the benefits of having a life insurance and who needs a life insurance. Although life insurance is an essential item in any financial plan, not everyone needs it. Sadly, in many cases, life insurances are sold rather than bought. Many insurance agents, masquerading as advisers, mis-sell life insurance products to gullible customers. To protect ourselves from this unethical practice, let’s have a look at who does not need a life insurance.
Life is uncertain. No matter who we are or what we do, no one knows what the future holds. Although we all want to live a long life, death is the only certainty in our lives, albeit an unpleasant one. Now imagine, what if we were to die early? When we are still in our working lives, having dependents, mouths to feed, loved ones to care for? Sounds scary, but can we be certain that we won’t? Many people have died early, due to illness, accidents, calamities. We cannot do much about the mental agony and emotional turmoil our loved ones will have to go through, but can we at least secure them financially? Life insurance exists exactly for this purpose.
What is Insurance?