Wheter each person must have Life Insurance? This is a question that often appear in the mind of each person around the world. Question "whether any person shall have Life Insurance?" Can be said as a little "controversial". Some Financial Planner / Financial Planner (and almost all life insurance sales agents) will say that everyone must have insurance. On the other hand, there are several other Financial Planner which holds that Life Insurance is not something that must owned by ALL people.
Every time we buy any product, we must always consider what the benefits provided by the product, and whether we really need the benefits provided by the product. As an illustration, we see the car for example. While each person requires a means of transportation, of course it does not mean that everyone should buy a car (even if they can afford it). Considering the cost of car ownership (the cost of regular service, vehicle registration, fuel, etc.), a housewife who day-to-day activities do not require him to travel far, may be more suitable (from the point of economic development) with other means of transportation (motorcycles, taxis , and others).
Similarly, if we want to buy Life Insurance. One thing we must remember that the main benefits of Life Insurance is to provide protection to "dependent" (the people who depend on us) if we died. If we do not need the benefits offered by Life Insurance, of course we have to
Every time we buy any product, we must always consider what the benefits provided by the product, and whether we really need the benefits provided by the product. As an illustration, we see the car for example. While each person requires a means of transportation, of course it does not mean that everyone should buy a car (even if they can afford it). Considering the cost of car ownership (the cost of regular service, vehicle registration, fuel, etc.), a housewife who day-to-day activities do not require him to travel far, may be more suitable (from the point of economic development) with other means of transportation (motorcycles, taxis , and others).
Similarly, if we want to buy Life Insurance. One thing we must remember that the main benefits of Life Insurance is to provide protection to "dependent" (the people who depend on us) if we died. If we do not need the benefits offered by Life Insurance, of course we have to
think twice before we buy Life Insurance that. And who "people" who do not need life insurance benefits? If we see the back of the main benefits of Life Insurance, the easiest answer is "those who do not have a dependent."
The first example for this "class" is a child. It is a "phenomenon" that we often see in our daily life, many people who bought Life Insurance for all family members, including the name of his very young children . If we see the main benefits based on Life Insurance, buying Life Insurance on behalf of our very young children are actually quite "strange", considering our children that does not have a dependent. Would be better if we pay the premiums on behalf of our children, we used to add value guaranty Insurance on behalf of us. If the value of our guaranty Insurance is enough, then the other alternative that we can consider that the money is invested.
Single adults without dependent category also includes those who need to think twice before buying Life Insurance. For example, say we have not married, and our parents have died or the parents we have a good financial planning (so it does not depend on us), then of course the benefits of buying a Life Insurance is necessary. If we study in more, not every person who has family must have Life Insurance. For example, imagine a new couple who do not have a child, and both of their parent do not rely on them. Both of their parent have a sufficient income and have their own home, and do not have a debt / other installments. In this case, Life Insurance is not something that "compulsory" is owned by the couple. Although in this case Life Insurance is not a bad idea, the couple is also considering to use the money to invest.
As a final example of those who may not need Life Insurance are those who have well-established and with the financial plan is very good, such as portfolio investment has a good and sufficient (to meet the economic needs of the future on his life) can be said is not "mandatory "to have Life Insurance.
From the above explanation, we need more thinking if we want to have a TermLife Insurance or Whole Life Insurance, although Life Insurance has also had many advantages.
The first example for this "class" is a child. It is a "phenomenon" that we often see in our daily life, many people who bought Life Insurance for all family members, including the name of his very young children . If we see the main benefits based on Life Insurance, buying Life Insurance on behalf of our very young children are actually quite "strange", considering our children that does not have a dependent. Would be better if we pay the premiums on behalf of our children, we used to add value guaranty Insurance on behalf of us. If the value of our guaranty Insurance is enough, then the other alternative that we can consider that the money is invested.
Single adults without dependent category also includes those who need to think twice before buying Life Insurance. For example, say we have not married, and our parents have died or the parents we have a good financial planning (so it does not depend on us), then of course the benefits of buying a Life Insurance is necessary. If we study in more, not every person who has family must have Life Insurance. For example, imagine a new couple who do not have a child, and both of their parent do not rely on them. Both of their parent have a sufficient income and have their own home, and do not have a debt / other installments. In this case, Life Insurance is not something that "compulsory" is owned by the couple. Although in this case Life Insurance is not a bad idea, the couple is also considering to use the money to invest.
As a final example of those who may not need Life Insurance are those who have well-established and with the financial plan is very good, such as portfolio investment has a good and sufficient (to meet the economic needs of the future on his life) can be said is not "mandatory "to have Life Insurance.
From the above explanation, we need more thinking if we want to have a TermLife Insurance or Whole Life Insurance, although Life Insurance has also had many advantages.
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