Who should invest in life insurance?

Asked By: executive85 26-30, M 4 months ago

Is This A Good Question? (3)

Add an Answer to "Who should invest in life insurance?"

6 Answers to "Who should invest in life insurance?"

Posted by JustCurious4Fun Feb 1st, 2013 at 2:01PM

The ones who believe the 'fear' they're being sold. I'm not saying don't cover yourself, but there are many other ways you can do this....

Like (2)
Reply by executive85 Feb 1st, 2013 at 2:06PM

life insurance seems to be the most legit ideal.Please fill me in on other ways if any.
Like (1)
Reply by JustCurious4Fun Feb 1st, 2013 at 2:12PM

Make the money grow through your own efforts. Invest in solid stuff, run a business or 2, make the money grow itself. Obviously the risk is if anything 'big' happens in the early years, there are other 'cover' options available for that. One powerful one is to set up a "Self Insurance" scheme with people you trust. Not too many and not too little - 20-30 or 30-50 if you want more comfort. Except here, your premiums staying in your bank account and you 'will' see it again and with growth. The group could also make low interest loans from it. There could even be annual dividends made from the growth. That's a start...
Like (1)

1 more reply
Loading...
Posted by steppingup Feb 1st, 2013 at 2:01PM

anyone who has dependents (e.g., wife, husband, children) who otherwise need their income and support to survive. If you are very wealthy, you do not need life insurance. If you live by yourself and have no dependents you should not use life insurance as an investment, no dont do it.

Like (2)
Reply by executive85 Feb 1st, 2013 at 2:03PM

if the person that lives alone with no dependents dies ..then who will bury them and with what money?
Like (1)
Reply by steppingup Feb 1st, 2013 at 2:04PM

you have to include a beneficiary.
Like (1)

2 more replies
Loading...
Posted by caithness Feb 1st, 2013 at 1:59PM

Husbands...my husband, and soon....lol

Like (2)
Reply by executive85 Feb 1st, 2013 at 2:01PM

Lol what are saying... im a husband too
Like (1)
Reply by caithness Feb 1st, 2013 at 2:26PM

He is not getting any younger and if he should die before me, I would like to put in a new pool and have my yard professionally landscaped....lol
Like (1)

1 more reply
Loading...
Posted by Messy74 Feb 1st, 2013 at 2:35PM

Everybody should have life insurance

Like (1)
Posted by Bear1956 Feb 1st, 2013 at 2:08PM

Nobody. It's a rip-off.

Like (1)
Reply by executive85 Feb 1st, 2013 at 2:09PM

hows that Bear?
Like (1)
Reply by Bear1956 Feb 1st, 2013 at 2:12PM

When you go to collect they always come up with some reason not to pay off.
Like (1)
Posted by guardsvan Feb 1st, 2013 at 1:59PM

every one

Like (1)