If you asking if the concept of Life Insurance is ethical, the conscience of mankind and many religions affirm the concept of making a plan to help care for those for who you are responsible, if you are not there to fulfill those duties due to death.
If you are asking if Life Insurance products are ethical, they must meet extremely high standards.
If you are asking if the sale of Life Insurance is ethical, that does depend, somewhat, on who you purchase it from. All Life insurance agents are bound by rules of ethics, and must take ethics classes periodically to hold a license. However, you still would be wise to review the agency you are using to be assured that it will go above and beyond to give you a fair and honest assessment.
The question of is life insurance ethical could be taken two different ways.
First is it ethical to provide an affordable product to protect the ones you love by caring for them financially after you die, I would have to answer yes. We are a consuming society that is bloated in debt, people are failing to save for their own futures, let alone the futures of those that should matter most. I can't think of a scenario where life insurance if purchased correctly would be unethical.
The second way to read your question would be are life insurance companies ethical. Life insurance companies are some of the most regulated companies of any industry. They must meet federal and state guidelines at all times. Their products must be filed for approval before they are sent to market. My answer to your question asked in this way would also have to be yes.
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If you are asking if Life Insurance products are ethical, they must meet extremely high standards.
If you are asking if the sale of Life Insurance is ethical, that does depend, somewhat, on who you purchase it from. All Life insurance agents are bound by rules of ethics, and must take ethics classes periodically to hold a license. However, you still would be wise to review the agency you are using to be assured that it will go above and beyond to give you a fair and honest assessment.
First is it ethical to provide an affordable product to protect the ones you love by caring for them financially after you die, I would have to answer yes. We are a consuming society that is bloated in debt, people are failing to save for their own futures, let alone the futures of those that should matter most. I can't think of a scenario where life insurance if purchased correctly would be unethical.
The second way to read your question would be are life insurance companies ethical. Life insurance companies are some of the most regulated companies of any industry. They must meet federal and state guidelines at all times. Their products must be filed for approval before they are sent to market. My answer to your question asked in this way would also have to be yes.
Life insurance is ethical.