When Is Life Insurance Unnecessary?

  1. 0 POINTS
    Contact Me
    David RacichPRO
    Fountain Hills, Arizona
    If you have no family members, business associates or charitable organizations that depend on you for anything, the life insurance may not be for you. If you have no desire to save for retirement in a tax advantaged way where distributions may be free and not trigger taxation of Social Security benefits, then life insurance may not be for you.
     
    Answered on July 3, 2013
    +0
    1 Thumb up 0
    +1 this answer
    flag this answer
  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Life insurance is unnecessary if you are able to fulfill your financial goals, and meet the needs of your survivors, without it. However, the tax advantages of life insurance can free up more funds to meet your goals and provide for your loved ones. So while life insurance may be unnecessary, it still may be purchased for its cost effectiveness, tax friendly nature, and the personal touch it provides.
    Answered on December 29, 2014
    flag this answer
    3. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>