Money spent on insurance is wastage or not?
JasperShoralDass:
Insurance provides a cushion of safety So, one doesn't have to constantly worry about the future and focus on business operations.
yeah
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Life insurance products offer a way to provide financial funds for beneficiaries after a plan owner's death. ... A life insurance policy on someone with no earnings or someone with no dependent beneficiaries can be a waste of money.
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Life insurance is bought to protect ourselves from the contingency of untimely death. It would take care of the living expenses of your family if you die young.
Life insurance is an investment that is more of a safety mechanism; it is to provide financial security to the dependants. Term policies that cover the risk of untimely death are cheap and most ideal for providing life coverage.
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