Eye Vision: Single, Should Buy Life Insurance?

For life insurance, you just need one if you have contributed to the family finances. That is, although still single, you probably need life insurance if any family member is heavily dependent of his life with you. However, if the conditions are not so, I say you don't need life insurance.

If you need life insurance, buy the pure life insurance. When you buy insurance, you buy the protection not investment. A great one if you buy insurance for the purpose of investing. In recent years, life insurance quotes, which combined with the investments it is more vivid than life insurance types offered.

Several things that must be understood are:

1. Life insurance premiums are combined with investment would outweigh the pure life insurance. This is due to your premium will be divided to pay the cost of insurance and also appropriation for investment products.
2. Allocation of investments in the insurance product mixed in new investments can be withdrawn 100 percent after going through the past few years.
3. When the result of the investment does not correspond to the illustrations at the beginning of the quote, then it is likely you are required to deposit an additional payment of the insurance premium.

Understand that every year, the insurance premium that is paid is the cost that has been incurred, and not a savings. So, if you don't need the insurance, don't feel loss because it has issued funding for premium.

Source: http://kotha-chhilo.blogspot.com/2012/11/single-should-buy-life-insurance.html

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