Do i really need to have life insurance? Being that i am the sole ownerof the life insurance?

Question

That my sister is the beneficiary to my insurance.

Answer 1

You may not need alot of insurance now, but you do need enough to pay for your final expenses.

But later on your circumstances will change, such as marriage, children, mortgage and other debts.

In my opinion, you should buy as much life insurance as you can afford now, because as you get older, and the longer you wait, the more expensive it gets.

Also, by purchasing now, you are insuring your insurability. In other words, you may not be able to qualify medically if you wait. Our health can change in an instant. I know this by experience.

I'm not going to recommend that you purchase term, whole life, universal life, or variable life. That would be your decision after you have made an informed comparison, after talking with a PROFESSIONAL agent. You could start with the agent to whom you trust to carry your auto insurance.

Answer 2

Under your condition,I advise here for you to have a visit.

http://insurance.online-assistant.info/i...

Answer 3

Ask yourself this question: Will anyone be put in a financially difficult position if I die? If the answer is yes, then you need insurance.

Answer 4

You didn't say, so we don't know.

Life insurance is a TOOL.  Do you have a GOAL, that the life insurance is accomplishing?  If not, you don't need it!

I have kids.  I want them to be put through school, and hubby to be able to hire a nanny and housekeeper, if I kick off.  That's MY goal.

Answer 5

When you die, will you:

Have credit card debt?

Have a car loan?

Have a mortgage?

Have children?

Have a spouse?

If any of those listed above are 'yes', you need it.

Answer 6

Only you can answer the quesiton of whether you need life insurance.  The purpose of life insurance to to protect your survivors against the loss of your income.

Answer 7

The answer to this questions is always YES.