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Thread: Reason to Insure Your Life

  1. #1
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    Default Reason to Insure Your Life

    There are many times that you might wonder why life insurance is so necessary. But there is a good reason as to why more and more people are getting themselves life insurance. Life has a tendency to be utterly unpredictable, and you need to prepare for any curve balls that life throws at you. But thatís just one reason to get insured. Here are some other reasons why you should look into life insurance policies for yourself.



  2. #2
    Member Level 0 sherylgray's Avatar
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    Obamacare in United States has arouse the expectation and desire of the people to get insured. Especially the people with low-income are now also get insured because the discounts.

    This is really wonderful.

  3. #3

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    I agree that life insurance is such a necessity today because life is so unpredictable and when something bad happens, your family will surely be the first one who will feel the pain both emotionally and financially. This is a way to protect your family if ever something happens to you. Your beneficiary will receive an amount of money that he or she can use to pay your debts, mortgages, burial and other expenses. Aside from this, life insurance can also be used to pay for long term care insurance. Not everyone is familiar with this but it is possible and if you're interested, just talk to an ltc specialist. You can get an idea about a little of everything about ltci from long term care insurance average rates to your benefits.

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    @sherylgray - that is really a nice idea to motivate people about life insurance.

    @taperjean - Thats new to me too. I am aware of term insurance plans providing a large amount of claim for the insurer. And as for long term period, there are insurance plans which allows you to invest and save, that is, savings with life insurance. You get a life insurance and get a life protection policy along a savings plan for long term, may be a future investment.

  5. #5
    Member Level 0 PathwayInsurance's Avatar
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    Quote Originally Posted by sherylgray View Post
    Obamacare in United States has arouse the expectation and desire of the people to get insured. Especially the people with low-income are now also get insured because the discounts.

    This is really wonderful.
    Are you sure about that? We Have not received many inquiries about health insurance at all.

  6. #6
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    The most important reason to purchase life insurance policy is to provide financial security to the family in case of early unexpected death. It provide many benefits that's why people insure their life. It provides financial security to family, settlement of your loans, ensure the future for your children, preserve the quality of life for your family and many more.

  7. #7

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    Instead of purchasing long term care insurance, people these days have the option to purchase combination products. This hybrid product works this way, you'll invest in life insurance and you can determine ltc benefits through your rider. Once the time comes that you are eligible for your long term care benefits, the total amount will be deducted from your death benefit. So people who are still planning for long term care should consider this first and find out if this is the suitable coverage for them.
    Last edited by taperjean; 10-11-2013 at 10:22 PM.

  8. #8
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    Buy life insurance because it’s best way to protect your loved one when you will not around to them. If you purchase life insurance it will provide financial security if you die prematurely. You need take this decision at your young age so that your family will be protected. You can refer to some articles and videos provided at Big Decisions to understand more about life insurance policies.

  9. #9
    Senior Member Level 1 DavidBlock's Avatar
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    The reason anyone insures themselves is because:
    1) They have an obligation to a partner or business associate
    2) They have a family they wish to protect
    3) There exists some other obligation that would be someone else's duty to pay in the event they die prematurely (and all deaths are premature).
    As for the comment about the ability to use life insurance as long-term care, that is an excellent option for those that need life insurance and want a policy that works for them twice. The downside is the cost of the rider can be expensive (it other will increase the cost of the life policy or take away from the cash value). It is important to review the financial strength of the company you are considering as well as looking at more than one company. Competition is good and there is more than one way to accomplish an objective.
    David M. Block, CLTC
    President
    Insurance Specialties, Inc.
    PO Box 1809
    Candler, NC 28715-1809
    800.358.8844 toll free
    828-667-1119 local
    828-667-2229 local fax
    www.insurance-specialties.com

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