Question

Buying insurance and investing for the future requires spending less in the present. Why is this a hard choice for many people? Would it be hard for you?

Answer 1

Hete u gooo bestiii☺☺☺☺☺☺☺☺

Answer 2

Investing for the insurance is a hard choice for many people, because -

• The ideal time for starting any kind of investment for the insurance, is the young age. Because, the total time period gets elongated a lot if someone starts investment in his/her young age.
• But, there is a tendency of lack of enthusiasm about starting investment from the young age.
• This is purely a moral issue. The majority of the people are not able to understand the necessity of the investment because the investment is unable to produce instant results. Most of the people go for purchasing goods or availing services, which give them instant (but,short time) results.
• For some people, the lack of good financial condition is also a reason behind the lack of interest for the investment in insurances.