Why do people need life insurance? Do I need life insurance? It’s a question that everyone asks him/herself at least once… How much am I worth? Or what’s the value of my life? Of course, life is priceless! But… Everyone thinks of the future, or what’s going to happen to me when I get old, or what’s going to happen to the people I love, if I die?
“Yes, death is inevitable, and we all will be there. But that is only half of the problem. The worth part is that the death is sudden, and that’s the trick” – one of Dostoyevsky’s heroes wisely noticed. Of course, one of the main purposes of life insurance is to protect your family, for your loved ones to have some financial security, when you are gone.
Death is the worst case scenario though. More often life insurance is used for saving purposes. People have been using the accumulated money for a wedding, children’s education, retirement, or any other reasons.
Besides that, you can insure yourself from losing a job in case of disability, or disease. You can receive income, when you are not able to work.
Life is vulnerable, and everyone can get in a critical situation or circumstances, where neither mind, nor bodyguards, nor great physical training will help. The only thing that you can do to provide yourself with a peace of mind, or to ease the fateful consequences – is life insurance.
