Life Insurance?

@siddhinfo (1501)
India
December 11, 2006 6:39am CST
Is a Life Insurance a must for every one?
7 responses
@kesfylstra (1870)
• United States
19 Dec 06
I think its wise, because it helps your family with your "final expenses" and hopefully and debt you leave behind. My husband is in the military, so we both automatically have coverage, him more since, let's face it, he's more likely to die. We need to get him a new career...
1 person likes this
@siddhinfo (1501)
• India
20 Dec 06
Thanks mam for your valuable response. I know it is must but what I think it should be affordable too.
• Malaysia
18 Dec 06
GardenGerty is right. If you have no dependent, you do not need life insurance. Medical insurance is more important because hospitalisation and medical fee is very expensive nowadays
1 person likes this
@GardenGerty (115969)
• United States
11 Dec 06
If you have no debt, and no children, and no one depending on you financially, and enough money saved to bury you (around $10,000) you do not need life insurance. Check into your work benefit package, your employer may have 10,000-30,000 insurance bene for you. If you have enough money saved, your premiums that you would normally pay for insurance might be better as an investment that you manage.
@faelady (161)
• Canada
19 Dec 06
I totally agree. The only thing that you missed out is that you should get it if you have a house. That way, if you die before you pay the mortgage, your family members won't be stuck with the payments.
@siddhinfo (1501)
• India
20 Dec 06
Thanks for your respose I have noted down the advice you have given and will keep in mind. thaks
@riyasam (16570)
• India
20 Dec 06
u can live without one but u must know how to save
@yourgoogly (1671)
• India
19 Dec 06
I think Life Insurance is must for everyone. It's can safe you and you family.
@whitefox (1347)
• Italy
18 Dec 06
Oh no, it is a personal choise.
@madanlohar (1163)
• India
11 Dec 06
ya i think so. n i have lic life insurance