Basics Policy Plans

Wouldn't my group insurance from work or social security or mutual fund assets pay these needs?

Maybe, but usually not. The needs are often greater than the available funds. To determine if your other "insurance" would be adequate, you should get a more extensive examination of your needs
Why buy life insurance?

Some reasons to buy life insurance are:1.Income Replacement2.Funeral Expenses3.Pay Off Debts4.Pay Off Medical Bills 5.Mortgage life insurance
Do I need life insurance?

You need life insurance if some person would experience a significant financial loss in the event of your death. A common example of this is the family breadwinner whose income totally or partially supports a family.
What is the connection between risk and life insurance?

Life insurance, like other types of insurance, is based on the concept of sharing risk. For example, everyone understands that people who are 95 years old are far more likely to die in the coming year than those who are 35.
What is life insurance?

Life insurance is a contract, often called a "policy", between you and an insurance company to provide money to a person you designate

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