There are other personal and business reasons for buying life insurance, but this one seems to be the biggest reason. It’s cheap. Attractive Term Plans of Bajaj Allianz Life Insurance. Many people could benefit from a life insurance policy but still choose not to purchase one. Life Insurance. They really don’t need it. Life Insurance protects your loved ones in the event of your death. We analyzed the Top 10 situations and stages when people should get life insurance. 7 reasons to buy life insurance now. Your Advisor can shop around in a matter of minutes to find the right fit at … ... 10. Charitable Gift. The younger you are when you purchase a policy, the more affordable that policy is. The bottom line is anybody who has a spouse (or significant other) and/or children that depend on his/her income should have life insurance. 2.) It’s easy to put off purchasing a policy when you’re young and relatively healthy. 10 reasons to buy your insurance from an insurance broker. We are an independent, advertising-supported comparison service. If you buy insurance other than the reasons stated above, please give me input through the comment column. As humans, it is in our nature to take every possible step towards the preservation of ourselves. While most Americans recognize the importance of having life insurance coverage, few actually have this coverage in place. 10 Reasons to buy life insurance. 10 Reasons to Buy Life Insurance March 24, 2016 / in Life Insurance / by theayresgroup. The author doesn’t say “don’t buy life insurance because of these reasons.” Jim advocates buying sufficient term life insurance while you need it. Top reasons to own life insurance. 50% or more of family’s income is lost because of serious injury, chronic illness or premature death of a parent. Don’t make your loved ones beg on Facebook with a GoFundMe page after your demise. Ten Reasons Why You May Need Life Insurance in Retirement. 10 Reasons You Need To Buy Life Insurance Today, the biggest Myth among Youth of India is - Life Insurance is something you need to think about when you get old! 10 reasons not to buy life insurance 3,652 views. The … Buying life insurance is one of the most important and basic financial decisions, but believe it or not, only 10% of Indians are insured! 4. There's no question that not everyone needs life insurance. And remember, term life insurance isn’t an all-or-nothing thing. (Top 10 Reasons to get coverage) Now let’s see the stages in life where life insurance is most needed. 90% of term life insurance expires without filing any claims. 1. There are very clear benefits for purchasing a life insurance policy. Reasons to Buy Life Insurance As I grew older, got married, started a family, and began a business, I realized that life insurance was indispensable and fundamental to a sound financial plan. If not here are 10 reasons to buy life insurance. | Top 10 Reasons to Buy Life Insurance, Buy Term Life Insurance Online Today!, Fidelity Life Insurance No Exam, Guaranteed Life Insurance, and Mortgage Life Insurance You already made plans to cover your funeral. http://www.lifeinsurancethinktank.com The top 10 reasons to buy life insurance. There are so many valid reasons you should buy a life insurance. Below are the “Top 10 Reasons You Should Buy Life Insurance” if you need a little extra convincing. Life insurance is not an investment. 10 Reasons to Choose Term Life Insurance The top reasons to choose term life insurance are that term policies allow you to pay off your mortgage, provide financial independence, pay off debt, and even pay for college tuition on top of already providing your loved ones with peace of mind knowing your final expenses are covered. A life insurance policy can help make a big impact to a cause important to the newly deceased. July 8, 2015. Fact-checked with HomeInsurance.com. We're dedicated to meeting the needs of Small Business Owners, Young Families and Seniors. The purpose of this list is to help you figure out if purchasing life insurance now is appropriate (or maybe down the road is better). Hence, HDFC Life lists 10 reasons why you need to invest in life insurance. Top ten reasons you need life insurance. The second of ten points lists the types of insurance you should have early in your career, including “disability, term life, and malpractice insurance”. Life Insurance protects your loved ones in the event of your death. Here is an article that lists 10 reasons why: Life insurance is one of those things that just about everyone needs but far too few people actually have. 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