Get Started With Insurance Part II - Do I need Insurance?

This is the second article in a series of articles covering the basics of insurance which anyone looking at an insurance policy should be aware of. Click here to view part1





This is first question which rises in everybody’s mind, when anyone approaches them for life insurance and the second thing will be I am having enough insurance so I don’t need more.
To answer the above questions, let imagine one thing, what is the situation of the family if their bread earner is no more? If any individual who don’t have any savings and who don’t have any insurance coverage what is the fate of the family?Unimaginable, correct, the emotional loss occurs to the family, no one can fulfil but financial loss? Yes we can supportthe family even when we were not there, also by protecting our life.
I Don’t need Insurance.
Most of the individuals say, I am insured enough, I don’t want any more covereage.
Let’s question ourselves, am I adequately insured?

Let’s try to get the answer: Answer to yourself the following questions
1.Will my family will be able to lead the same life style, even when I am not there?
2. The amount what I am going to receive is enough to take care of my children’s education, marriage, and to continue the same life style through out their lives?
3.Is the amount is enough for my spouse to survive through his/her life without depending upon everyone?


For most of these questions the answer might be I do not know…
So how much one individual should have coverage on their individual life?
Here comes to rethink about what protection is required by my family…
Wait for my next posts on how to calculate how much of insurance coverage would suffice.