by kentroy678 » Thu Mar 22, 2012 09:55 am
You might be thinking what a life insurance is. Well, basically, a life insurance is a secure form of investment for future. Although, the insured person does not get the benefit of life insurance but it actually can benefit family of the insured person.
Posted: Fri Mar 23, 2012 11:39 am Post Subject:
Depending on the type of life insurance policy, even the insured himself can derive benefits from the policy during his lifetime. Say for example, he can draw a loan against his whole life policy.
Posted: Fri Mar 23, 2012 11:49 am Post Subject:
he can draw a loan against his whole life policy.
This is not a "benefit", just something the insurance company permits to make an extra few bucks at the expense of the beneficiary.
Try borrowing too much money out of a Universal Life policy and see what "benefit" you receive.
Posted: Mon Mar 26, 2012 06:20 am Post Subject:
hi,
Life insurance is essential for all people, they provide great deal of relief for family members when the risk has happened to the family members.
Posted: Mon Mar 26, 2012 12:09 pm Post Subject:
Makes absolutely no sense.
Most of the original posts above in this thread are meaningless, and have been written by illiterate persons.
Posted: Wed Mar 28, 2012 11:15 am Post Subject:
Well, life insurance is an insurance plan to secure your family life after you. It is like a investment plan in a market which will also give you tax saving. So life insurance is not useful for your family but also for you to save money in a safe manner.
Posted: Thu Mar 29, 2012 11:44 am Post Subject:
Well, life insurance is an insurance plan to secure your family life after you.
Poorly worded. Another illiterate poster.
It is like a investment plan in a market which will also give you tax saving.
Wrong.
So life insurance is not useful for your family but also for you to save money in a safe manner.
Also wrong.
Posted: Mon Apr 02, 2012 10:22 am Post Subject:
Well, it can be seen as a temporary benefit at the very least. I think what OP was trying to say was even if life insurance payouts don't benefit the insured, it actually does because it takes care of beneficiaries the insured has and that results in peace of mind knowing that there is a safety net should the unthinkable happen. An intangible benefit, but it's there nonetheless. Life insurance, especially term life, is quite inexpensive and easy to find. Look up free life insurance quotes [Link removed as per TOU] online on an aggregator site to find out.
Denise Mancini
Disclaimer: I work for AccuQuote and this is my personal opinion.
Posted: Tue Apr 03, 2012 04:05 pm Post Subject:
there is a safety net should the unthinkable happen. An intangible benefit, but it's there nonetheless.
Death is neither unthinkable or unimaginable. It is an eventual reality that some people don't want to admit.
Life insurance is NOT intangible. It is a benefit provided by contract. And it's only there if one pays for the privilege of owning it.
Now, if you want to talk about "intangibles", let's turn the discussion to Social Security. Described as a "safety net", it is entirely intangible, because it is not provided by contract, and it's there nevertheless -- only because the Congress has not yet accepted the fact that there is no money to support the program.
Posted: Fri Apr 13, 2012 09:53 am Post Subject:
Without a doubt, a life insurance cover is one of the best investments you can make for your family. You may resent having to pay a monthly premium but at least you can ensure that your family is protected in the event of your death.
Posted: Fri May 11, 2012 09:22 am Post Subject:
Life insurance is the flexible investment for your family in your absence. It protects your family from financial crises. It is necessary for every human being as it provide multiple number of benefits. Life insurance is available online too. Life Insurance Online is the best option to save your time to know about more information about policy on your own.
Add your comment