Does Life Insurance Make Sense?

  1. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    Yes, I believe it does.  Of course there are circumstances where it becomes more important to consider. For example,  if there are people who depend upon you financially, family, other relatives, business partners etc, then Life Insurance makes perfect sense.  If you have outstanding financial obligations that you do not want to pass on to your estate, then Life Insurance makes perfect sense.  Talk to your Insurance Professional about this and review your needs.
    Answered on February 6, 2014
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  2. 1330 POINTS
    Mark Taylor
    Licensed Life Agent, Life and Finance/ 50 States, New York
    Yes Life Isurance is a very wise decision and will eventually prove itself in the later years. Insurance in general is a financial mechanism that is designed to indemnify loss and to make a person financially whole again. Life Insurance is a wealth accumulating mechanism that if anything should happen suddenly to anyone that is relied upon for income the death benefits are used to replace income needed examples are funeral payments,  bills at home, money for children's future, etc. This also helps to bring wealth into a family for generations to come. All is paid lump sum tax free.
    Answered on February 6, 2014
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