Life Insurace - do we need them?

Hi Alice, You need to know what is your purpose when buying a life insurance?.What protection they can offer you?Does you employer offer life insurance to employees?. Some come with medical insurance for deadly disease like heart attack,stroke,cancel,heart bypass, AIDS and others.Some with hospitalization insurance.Some include investment although that depends on situation.Normally the insurer will forecast a higher rate of return for an investment.It's good to have one to cover you just in case something unforseen happen and your family is not burden by expenses in emergency situation.In my country,life insurance premium can be use for tax deduction.So my advice is to buy at least one or two life insurance.Point to note,most life insurance have expired limit.This mean you are insured until a certain age and need to surrendor your life policy to get back your investment.I think most insurance company are smart enough to statistically predict an expire limit for a life policy for an average person.You probably won't profit much from the investment. Don't worry about loosing your interest putting your money on life insurance because beside getting money back your are insured if something goes wrong,most important your family will not suffer financially.Note medical expenses is expensive nowadays.Hope my reply give you an idea.Have a nice day :)

i think the basic need for a life insurance is to save.i do save but at times i skip when the times are hard.but with life insurance there is no other go than to pay the premium on time.

My friend also offered me a life insurance and other insurances for my family, etc. I really like it since its advantages are really worthy for the family's safety and preparedness. But when I asked my father, he said that he already got insurances for all of us. I just didn't get any insurance from my friend so as not to duplicate things.

yes very important.in germany we have it and its needed.

I just buy an insurance from my friend. I know that we must saving money in bank because we will need in the future or for emergency time. But after hear that insurance can give me a secure in money when we are sick and must hospitalize. i join it and save into two options, in bank and insurance. So when we are sick and hospitalize, we can reduce our bill with insurance, so our money in bank can be use in other needs. Keep post Happy myLotting...