Why You Do Not Need Life Insurance

Why You (Probably) Do Not Need Life Insurance

Whole life insurance is only a good investment if you understand its purpose and use it correctly.

Unfortunately most people don't understand Whole Life Insurance.

The younger you are the more you need life insurance.

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That is because when you are young you are still accumulating wealth to leave behind.

It's also less expensive when you are young because the odds are lower that there will need to be a payout.

As you get older, life insurance is needed less.

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It's a see saw. When you are young you don't have assets so life insurance is needed

Then the see saw tilts. As you age you have assets so you don't need life insurance.

Oftentimes the best hedge is term life insurance.

For more financial tips, from an unbiased expert click "Financial Tips"

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Why You (Probably) Do Not Need Life Insurance

ChaChingQueen.com

Whole life insurance is only a good investment if you understand its purpose and use it correctly.

ChaChingQueen.com

Unfortunately most people don't understand Whole Life Insurance.

ChaChingQueen.com

The younger you are the more you need life insurance.

ChaChingQueen.com

Many people get this backwards

That is because when you are young you are still accumulating wealth to leave behind.

ChaChingQueen.com

It's also less expensive when you are young because the odds are lower that there will need to be a payout.

ChaChingQueen.com

As you get older, life insurance is needed less.

ChaChingQueen.com

Presuming you have built up your asset base.

It's a see saw. When you are young you don't have assets so life insurance is needed

ChaChingQueen.com

Then the see saw tilts. As you age you have assets so you don't need life insurance.

ChaChingQueen.com

Oftentimes the best hedge is term life insurance.

ChaChingQueen.com

For more financial tips, from an unbiased expert click "Financial Tips"

ChaChingQueen.com