Economy, asked by Anonymous, 1 year ago

Why people buy insurance?....answer this please


Anonymous: fast

Answers

Answered by faizanhashmi11
1
1. LOOKING AFTER YOUR LOVED ONES EVEN AFTER YOU'RE GONE: This is the most important aspect of life insurance that one needs to factor in. Your family is dependent on you even after you're gone and you certainly don't want to let them down. Whether it's for replacing lost income, paying for your child's education or making sure your spouse get the much-needed financial security, life insurance could save the day for your surviving dependents.

2. DEALING WITH DEBT: You don't want your family to deal with financial liabilities during a crisis. Any outstanding debt-a home loan, auto loan, personal loan, or a loan on credit cards-will be taken care of if you happen to buy the right life insurance policy.

3. HELPS ACHIEVE LONG-TERM GOALS: Since it is an instrument that keeps you invested for the long term, it would help you achieve your long-term goals such as buying a home or planning your retirement. It also provides you with diverse investment options that come along with different types of policies.


Anonymous: puch!
priyanshu4098: mai bolu
Anonymous: tum log chup rho
priyanshu4098: ek question
Anonymous: faizan puch
faizanhashmi11: ok... poochta hu... pr pehle gaali sunne k liye khud ko ready kr lu Xad
priyanshu4098: xd
Anonymous: aba
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Anonymous: pucha?
Answered by priyanshu4098
0
hey...

reasons why people buy insurance are :-

1. LOOKING AFTER YOUR LOVED ONES EVEN AFTER YOU'RE GONE: This is the most important aspect of life insurance that one needs to factor in. Your family is dependent on you even after you're gone and you certainly don't want to let them down. Whether it's for replacing lost income, paying for your child's education or making sure your spouse get the much-needed financial security, life insurance could save the day for your surviving dependents.

2. DEALING WITH DEBT: You don't want your family to deal with financial liabilities during a crisis. Any outstanding debt-a home loan, auto loan, personal loan, or a loan on credit cards-will be taken care of if you happen to buy the right life insurance policy.

3. HELPS ACHIEVE LONG-TERM GOALS: Since it is an instrument that keeps you invested for the long term, it would help you achieve your long-term goals such as buying a home or planning your retirement. It also provides you with diverse investment options that come along with different types of policies.

Some policies are tied to certain investment products that pay dividends based on their performance. If you are opting for an investment-linked policy, be sure to read the fine print to be fully aware of the potential risks and returns.

4. LIFE INSURANCE SUPPLEMENTS YOUR RETIREMENT GOALS: Who wouldn't like their retirement savings to last until they do? With a life insurance plan, you can ensure you have a regular stream of income every month. Putting money in an annuity is like a pension plan- put in some money regularly in a life insurance product and enjoy a steady income every month even after retirement.

5. BUYING INSURANCE IS CHEAPER WHEN YOU'RE YOUNGER: Not every millennial needs a life insurance policy. If you haven't created an emergency fund or you're still living off your parents' money, insurance shouldn't be a priority.

However, if you do have dependents or you have co-signed a loan with your parents (or any other member of your family or friend), whether it be a student loan or a home loan, you need to start considering buying a life insurance policy. Besides, coverage costs are much lower when you're single. Insurance agents may try to sell you a policy that you might not need.

you can choose from it .

may this help you

priyanshu4098: wo to 1 months phele se he kar liya
faizanhashmi11: Hamare time me to bhai CCE pattern tha
faizanhashmi11: oops sorry
Anonymous: i dont remember..
priyanshu4098: mujhe itna looser mat samaj
Anonymous: but jyada hard nhi tha paper last year ka
priyanshu4098: mera maths aacha hai
Anonymous: cool down
faizanhashmi11: majak tha dost... don't take it serious... kaisa bhi exam jaye tension mt lena.. 5 saal baad peeche mur ke dekhoge to hasoge k kis cheej ki tension le raha tha
priyanshu4098: ha sahi bola phle sal science ka hard tha
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