Tuesday, 30 October 2007

Is Insurance Important?

Sometimes people ask how important whole life insurance is when you’re young and not prepared to commit to expensive premiums. I recently read in a magazine that if you don’t have children, there isn’t much point in buying insurance as there wouldn’t be any beneficiaries to benefit from it in any unfortunate event. However, when you’re at the brink of youth, you can’t really see so far ahead and unfortunately, by the time you have children, you will be older and therefore your premium much higher. Hence, if you can afford it, it is advisable to get some kind of life insurance, especially if you’re traveling a lot or do a lot of dangerous sports or work. You never know when disaster might strike.

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