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  1. #1
    kathleenpeters is offline Newbie 510 points
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    Do You Really Need Life Insurance?

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    Life insurance isn’t just for married couples with children. The need for life insurance is much broader. “Anybody who would experience a financial loss or an emotional loss after a death will need some type
    of life insurance,” says Marvin Feldman, president and CEO of the Life and Health Insurance Foundation for Education.

    Who is it for?
    Having dependents of any kind necessitates life insurance. Here are examples:
    · Unmarried couples. Unmarried individuals may have a significant other who relies on their support. Life insurance can help provide for them.
    · Stay-at-home spouses. Life insurance isn’t just for breadwinners. It can help cover the cost of replacing the services of stay-at-home parents.
    · Single parents. These individuals are typically the sole source of support for their children. Life insurance can help provide for children financially should their parent die.
    · Singles. Single individuals could be responsible for aging parents or may have significant debt. “Life insurance helps make sure those debts are paid,” Feldman says.
    · Retirees. Insurance can help replace income from part-time work, Social Security benefits, pensions or other employer benefits. It helps spouses continue living as they’re accustomed.
    · Empty nesters. Older adults may have custody of a grandchild or provide support for other family members. Life insurance may help this care to continue.
    · Business owners. Life insurance has many benefits for business owners, such as helping protect family members from taking on a person’s professional debt, or providing funds for survivors to buy out the deceased's interest.

    What can it cover?
    Beyond paying for final expenses, loved ones can put these death benefits toward:
    · Paying off debt
    · Financing an education
    · Settling estate taxes
    · Contributing to charity
    · Creating an inheritance
    · Replacing income
    · Replacing employer benefits

    Are there additional benefits?
    Some policies also offer living benefits. Whole policies and universal life policies accumulate value that can be tapped as retirement income or used to help cover unexpected expenses. Universal life policies also may have riders allowing chronically ill policyholders to withdraw the face amount during their lifetimes to help cover long-term care costs or to prepare loved ones financially before passing. Decide which type of policybest suits your needs.
    Get a general idea of how much life insurance you might need with this calculator. And for more assistance, contact your state farm agent
    Unpaid loans and withdrawals will reduce the guaranteed death benefit and policy cash value. Loans also accrue interest.
    Attached Thumbnails Attached Thumbnails Do You Really Need Life Insurance?-akp-article-1.jpg  

  2. #2
    Beverly is offline Junior Member 510 points
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    It's a financial security you need to protect your family's future.

  3. #3
    DavidDownard is offline Junior Member 510 points
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    I think life insurance is for everyone. There is not rule that only married one should get insured.

  4. #4
    AliciaGoods is offline Junior Member 510 points
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    I think life insurance is really very necessary as it not only saves once life, but also saves family life and their future. In fact life insurance is for everyone either married or unmarried. At the time of calming insurance it is very important to take the help of a person who has the knowledge about this field you can even search for some online websites to get some more details about life insurance.

  5. #5
    magnificentstars is offline Junior Member 510 points
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    Yes, we may need it though we have to study first the details and inclusions and exclusions of a life insurance contract before you finally consider it. Sometimes a pension plan is better than a life insurance.

  6. #6
    STARiNSURED is offline Newbie 510 points
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    YES, LIFE INSURANCE is Important.

    For everyone it is not needed to acquire life insurance, but if you have family, your children, partner or other relatives depend on your income to cover the mortgage or other living expenses, then the answer is YES. It will help to support your family in worst case.

  7. #7
    studenthealthusa is offline Newbie 510 points
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    For your and your family's future safety, life insurance is necessary.

  8. #8
    STARiNSURED is offline Newbie 510 points
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    Life Insurance is must-having factor for everyone.

    If you have dependants – such as school age children, a partner who relies on your income or a family living in a house with a mortgage that you pay – a life insurance policy can provide for them if you die. You might also want a policy which covers your funeral expenses.
    You can’t rely on the government to take care of your family – the money they would get from the state is much lower than you’d probably expect. If you want to provide for your family financially if you die, life insurance is a must.


    Quote Originally Posted by kathleenpeters View Post
    Life insurance isn’t just for married couples with children. The need for life insurance is much broader. “Anybody who would experience a financial loss or an emotional loss after a death will need some type
    of life insurance,” says Marvin Feldman, president and CEO of the Life and Health Insurance Foundation for Education.

    Who is it for?
    Having dependents of any kind necessitates life insurance. Here are examples:
    · Unmarried couples. Unmarried individuals may have a significant other who relies on their support. Life insurance can help provide for them.
    · Stay-at-home spouses. Life insurance isn’t just for breadwinners. It can help cover the cost of replacing the services of stay-at-home parents.
    · Single parents. These individuals are typically the sole source of support for their children. Life insurance can help provide for children financially should their parent die.
    · Singles. Single individuals could be responsible for aging parents or may have significant debt. “Life insurance helps make sure those debts are paid,” Feldman says.
    · Retirees. Insurance can help replace income from part-time work, Social Security benefits, pensions or other employer benefits. It helps spouses continue living as they’re accustomed.
    · Empty nesters. Older adults may have custody of a grandchild or provide support for other family members. Life insurance may help this care to continue.
    · Business owners. Life insurance has many benefits for business owners, such as helping protect family members from taking on a person’s professional debt, or providing funds for survivors to buy out the deceased's interest.

    What can it cover?
    Beyond paying for final expenses, loved ones can put these death benefits toward:
    · Paying off debt
    · Financing an education
    · Settling estate taxes
    · Contributing to charity
    · Creating an inheritance
    · Replacing income
    · Replacing employer benefits

    Are there additional benefits?
    Some policies also offer living benefits. Whole policies and universal life policies accumulate value that can be tapped as retirement income or used to help cover unexpected expenses. Universal life policies also may have riders allowing chronically ill policyholders to withdraw the face amount during their lifetimes to help cover long-term care costs or to prepare loved ones financially before passing. Decide which type of policybest suits your needs.
    Get a general idea of how much life insurance you might need with this calculator. And for more assistance, contact your state farm agent
    Unpaid loans and withdrawals will reduce the guaranteed death benefit and policy cash value. Loans also accrue interest.

  9. #9
    bullmooseorthodontics is offline Newbie 510 points
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    yes life insurance is very importation for life....

  10. #10
    JacobSelvestar is offline Newbie 510 points
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    Health insurance is most necessary thing in today's life. Everyone should have health insurance in family it can be helpful in critical time. If you are not financially capable to adapt high amount of medical expenses at the time of injury or illness, at that time this health insurance can be helpful.

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