Why Do People Take Out Life Insurance

[Moscow Mule]

there is no such thing as "life insurance", it's life assurance... honestly.

That's quite freaky - I was about to post the same thing after just reading the title.

[scooterscot]

there is no such thing as "life insurance", it's life assurance... honestly.

[ASB]

Strictly speaking it is life assurance... working on the principle that since we all die eventually you can't insure against it...

Ture in the case of a whole life policy.

A lot opt for life insurance in the form of term insurance. A straight bet in "am I going to die before X date".

Some will opt for a combined term insurance and savings vehicle, often represents poor value.

[TheFaQQer]

Just remember you will become worth a lot more dead than alive.

If you need a minder call me

I found another life policy at home that I didn't realize I had - was a little worried until I saw that I'd taken it out rather than the Mrs.

I refuse to tell her how much she gets if I die - it's scary stuff! Particularly when I compare it to how much I would get if she died...

[MrsGoof]

it's a bet you are guaranteed to win

[chubba]

Yup, wouldn't care when dead but while alive I would worry about the kids and Mrs being thrown out of the house if I did snuff it... Therefore I have life insurance.

[DodgyAgent]

Just remember you will become worth a lot more dead than alive.

If you need a minder call me

[wobbegong]

bnecause thjere stupid and scared of life.

. . . or because they have family and/or dependants who need to be provided for?

[SallyAnne]

I've got it - just to pay of the house.

[el duder]

As if you're going to care when you're dead....

bnecause thjere stupid and scared of life.

[Ardesco]

As if you're going to care when you're dead....