Why do we need life insurance?

WHY do we need insurance?

There will one time in our life, where we will think about life insurance whether accidentally or purposely. Accidentally when somebody will approach us (life insurance agents) to self life insurance or a friend starting to talk about it. For some of us, it is when we start to think about the future.

The future that I am talking about are as the following is situation:

• For somebody who has family, we will start to think what will happen to all our dependents if we fall to severe sickness or death, or any situation that will leave our dependents in a mess financial situation. At this point, we will think and we must think as it is our obligation to them so that they will continue to survive comfortably for some time without us being there. And most importantly, our children deserve a proper path to adulthood by getting better education and life. For our dependent spouse, losing some that they love so much is already an unfortunate emotional event. Living and surviving with such situation will further more deteriorate the quality of living and raising the children. With life insurance, we are able to prepare for this situation. With the premium we pay, we are able to leave some financial resources for our family to meet monthly, yearly and future obligations and dreams.
  
  

       

• For somebody who still lives single, in the event of something unfortunate happens to us, do we have enough financial resources to cope with the situation. For example, if we are needed to undergo major surgical procedures, our saving might be easily be exhausted to pay the increasing medical bills, hence our future plan, to buy a house, buy a car, start a family, get higher education will be stalled. Hence we cannot live our self to the fullest. But it will be different if we have life insurance to cover for our unexpected high medical bills. OUR SELF AND OUR WEALTH WILL BE PROTECTED