Why should people buy life insurance?

why do people need or want to have insurance?
what is insurance??
how many types of insurance are there?
Asked Mar 10, 2013

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Life insurance insures that a person's family has money to live on after their death. Four types of life insurance:

Answered Mar 10, 2013
Plus, it can be spent to cover funeral expenses if the person doesn't already have a separate fund for that.
Answered Mar 10, 2013
life insurance protects those who depend on your paycheck. If you die prematurely, life insurance provides your dependents with ongoing income to replace yours, until (or unless) they can live comfortably without it. It can also provide a timely emergency fund for medical, legal, and funeral costs, should family savings not be adequate to cover them
Answered May 08, 2013
Term life insurance can be used to pay off an outstanding mortgage balance. Just select a term that matches the length of your mortgage payment period. Some companies even offer decreasing term insurance, which means the death benefit decreases along with your mortgage balance. Life insurance is very important for anyone. You can squire our family future. http://ucoverme.com/
Answered Nov 18, 2013
Life insurance is basically an assurance you gave to your family that their financial health wont be disturbed in your absence. Get a financial advisers help before selecting the plan you opt for the security of your family.

Answered Nov 27, 2013
People buy life insurance to protect financial security of their loved ones in their absence. I think everybody should have life insurance.

Answered Nov 29, 2013
Life insurance is beneficial nowadays because of its death benefit also because of its long term care benefit. Nowadays, people can purchase combination products or hybrid policies that allow them to receive both ltc and death benefits. This is a great investment today especially those who will only need long term care for a short period of time. To know how this type of product works, you should continue reading here: http://www.ltcoptions.com/learn-the-basics/how-can-you-pay-for-long-term-care/life-insurance/.
Answered Mar 07, 2014
Term Life insurance can be utilized to pay off an extraordinary home loan adjust. Simply select a term that matches the length of your home loan installment period. A few organizations even offer diminishing term protection, which implies the passing advantage diminishes alongside your home loan adjust.More info:

Answered Mar 05, 2018
Since it is an instrument that keeps you invested for the long term, it would help you achieve your long-term goals such as buying a home or planning your retirement. It also provides you with diverse investment options that come along with different types of policies.
Answered Mar 05, 2018

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