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Savings over life insurance?
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08-27-2018, 07:13 AM
Post: #1
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Savings over life insurance?
I was thinking of taking out a life insurance but I am not sure about it. I have some money in my savings account already and I do monthly deposits in it. So would it be a good choice to take out a life insurance for me or should I let my savings take care of my family?
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08-27-2018, 11:01 AM
Post: #2
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RE: Savings over life insurance?
(08-27-2018 07:13 AM)jeffken Wrote: I was thinking of taking out a life insurance but I am not sure about it. I have some money in my savings account already and I do monthly deposits in it. So would it be a good choice to take out a life insurance for me or should I let my savings take care of my family? Saving money is, of course, a good choice no doubt but as we know that whenever any need comes savings are always bought to the rock bottom level. We always consider saving money as an option to spend it anytime applicable, even for miscellaneous uses where it is not so important. Yes, savings can take care of your family but it cannot secure it for the whole life. Life Insurance covers your life. The premiums you pay are for the safety of your family as well as yourself. Here you save money for the security of your mortgages, monthly bills, rent, other loans and to protect your dependants your children from financial crises when you are not available to them. A policy covering children lasts until they are no longer reliant on you until they finish full-time education. There are various options according to your lifestyle and your need. Sickness cover, Income cover, Morgage cover, Business cover for self-employed and many more. So thinking about taking a life insurance is not a bad idea and it gives you many benefits rather than your savings. |
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04-26-2019, 02:07 PM
Post: #3
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RE: Savings over life insurance?
When I think about such things, I usually mean protection from diseases. I didn't even think of how many options are open ..
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04-26-2019, 03:16 PM
Post: #4
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RE: Savings over life insurance?
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07-31-2019, 11:47 AM
Post: #6
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RE: Savings over life insurance?
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11-10-2022, 03:33 PM
Post: #7
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RE: Savings over life insurance?
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12-01-2022, 09:14 AM
Post: #8
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RE: Savings over life insurance?
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01-01-2023, 10:07 AM
(This post was last modified: 01-01-2023 11:07 AM by wolfar.)
Post: #9
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| RE: Savings over life insurance? | |||
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01-01-2023, 11:08 AM
(This post was last modified: 01-01-2023 12:07 PM by wolfar.)
Post: #10
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| RE: Savings over life insurance? | |||
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