02 Nov Since society has evolved, so must your insurance Why do you take out life insurance? It’s most often taken out when you have debt, such as a mortgage or business loan, or have kids. This is because you want the surviving family members to be financially comfortable when you are gone. As your kids leave home and debt is reduced to zero, the need for life cover reduces as well. Life insurance has evolved a lot over the last few years, just as society has. It used to be that you had to die to collect it, but now ‘living insurances’ (for
Why do you take out life insurance? It’s most often taken out when you have debt, such as a mortgage or business loan, or have kids. This is because you want the surviving family members to be financially comfortable when you are gone. As your kids leave home and debt is reduced to zero, the need for life cover reduces as well. Life insurance has evolved a lot over the last few years, just as society has. It used to be that you had to die to collect it, but now ‘living insurances’ (for
