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Do you have a life insurance ?

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    Do you have a life insurance ?

    Hello, dear members !

    I wanted to know about your life insurance if you have one.

    Did you insurance if you, God forbid, something bad happens to you ? Do you have a life insurance ?

    I , myself, am young and maybe there is no need for it now, but I would like to hear it from older members on the forum do they have life insurance and when did they got it.

    Please let me know in the comments if you have any thoughts on this one.

    #2
    Yes I do have a fully paid Life Insurance policy worth $20000, I paid for it for 5 years a decade ago. I also have 2 endowment plans worth $10000 each, which are also both paid up circa 5 years ago and I also have health insurance, car insurance, property insurance and now I'm still covered by a term insurance. It's always better to be well protected than to be sorry right?

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      #3
      Yeah, I have a life insurance but it's not fully paid. Much better to have this, so you're not going to worry about your family what ever happens to you. I have some previous issue about this one when one my relative die and his family don't even know how to handle the burial.

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        #4
        yes I have a life insurance fully paid. It is more benefit to my family to protect the financial support.Life insurance pays a death beneficiary of the insurance policy.Having this type of insurance is the most basic of which would be covering your own funeral expenses.And in this it will have a policy that could provide your surviving the relatives with an inheritance when you demise...
        Lifeinsuranceuk

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          #5
          Yes... I do have a life insurance wherein if I die before the term of the insurance, my nominee will get the benefit of the sum insured. If I complete all the premium till the policy maturity date, I will get the sum insured + the bonus that will be calculated for the no. of years the insurance policy is.

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