When is the best time to buy an Insurcance if not today?  

Hi newuserPTC, well planning for the future is a good thing. Both my parents have Life insurance and Death plans (which is transferable) :P We even have health insurances.

Other people may think its impractical but with a lot of unexpected things popping out from here and there plus the ever increasing percentage of crimes everyday, we cannot really put ourselves at ease. My mum is also planning on getting my sister and I a Life insurance. We're also considering property insurance. With this Quake happening here and there might as well make sure that if something happens we won't end up really broke. @_@

If you haven't yet buy any insurance, then the best time to buy is now, when you are still young and healthy. I strongly believe that everyone should have at least one life insurance policy. Life is unpredictable. When anything undesirable happens to us, the life insurance policy acts as a kind of assurance for our families.

newuserptc,

IMO insurance is a necessity as it is more than just a form of savings for us, it is also a matter of protection against our unforeseen circumstances and protect our family and love ones from dire financial consequences.

Since there are certain financial commitments to meet throughout our life and contribute to the family's financial well being. We need to remember that some contributions will need to continue even in our death - to secure our homes, family expenses, dependent's expenses i.e. education and our own expenses like medical treatment and hospitalization.

Just depending solely on our savings is really not enough considering the rampant escalating cost of living which will drive other cost up as well like education and medical treatments. So, in order to cover that aspect it will only be wise to invest buying the necessary insurance.

Insurance is very important. There is no good age, or bad age to be insured. The sooner the better. You wouldn't one want thing to happen and you to be at a loss because of any sort of peril.

As a profesional insurance agent, I advise you all to be over insured. Under insured is nothing but problems...Trust me, I've seen it all.

Never. I don't believe in life insurance. I wouldn't be leaving anyone behind who wasn't capable of taking care of themselves. My parents never had anything like that, and we did just fine. But because of my dad's medicel insurance about a year after his passing I ended up with death benifits from the US government, and this was not of his doing. Its one of those medicel things I fail to understand. I never felt the need to try to understand it so don't.

I bought life insurance through my employer years ago, when I was in my 20s. Now, I'm retired, but I still carry life insurance through my former employer. I think life insurance is a must. I'm single, and one would think I don't need it, who's it going to when I die? My sister, the executor to my estate, will need the money they get from my insurance policy to settle my estate, pay my mortgage until the house is sold, pay any outstanding bills I might have, etc. Then whatever's left over, she is to distribute it per my estate plan. Estate planning is also a smart thing to do, even if you don't have much money.

I do have a lot of insurance. I want my children to be well cared for if anything happens to me. I have carried insurance now for about 8 years. When I got the insurance, I was thinking of my children and their college education too. I wanted them to have a start in this world if I wasn't around to help them out with it. I think that insurance is a great way to make sure that things will be in order when I pass. I have put a few stipulations on tha money but I wouldn't be a mom if I didn't continue my guidance..lol