Why do I need life insurance?
The benefits guy at work keeps telling me that I need to sign on to the company's term life insurance plan. I've told him repeatedly that I don't have a family, and I know of no one to whom I'd leave my possessions or money. However, he still insists that I need the coverage. For what reason would I need coverage under these circumstances? Everyone is missing the point. If you're dead, then why care if you have unpaid bills. You're dead. Burying you or throwing you in a ditch will make little difference to you at that point. They can't take from my family's assets, because I have no family, and it's not as if I'll need my assets anymore after the fact. With this in-mind, now answer the question.
Asked By: temporos - 5/3/2009
Best Answer - Chosen by Asker
You may not have a need for a lot of life insurance right now. But you do need at least enough for final expenses, including burial, any unpaid medical bills, other debts, etc... More
Answered By: james m - 5/3/2009
Additional Answers (5)
so when you die , there will be money to bury you !
Answered By: pendleton4068 - 5/3/2009
Just like the person above said, but I say get a whole life policy for the reason of burial. A term policy with your company is just that. If you g******d off and die the next day you have no coverage. Get a policy outside your company so you will be better protected.
Answered By: mazz - 5/3/2009
You need to take life insurance now because you may not be able to get it later. Usually they have an open enrollment period and after that you might not be able to get it later when that period closes. And, you also might not be able to get life insurance later if you get health problems... More
Answered By: car253 - 5/3/2009
Same reason you need a chain saw... More
Answered By: mbrcatz - 5/3/2009
Maybe you don't, but if it's free or costs next to nothing it might be worthwhile picking up should you later in life need it and not be able to get. Unlike....other tangible items....you can't choose to buy insurance whenever you want. You have to be able to qualify for it. It has NOTHING to do with being cheaper... More
Answered By: Insurance Pickle.com - 5/3/2009
*93* Local Jobs Paying $21-$95/Per Hour- Available Now. Apply Here!
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Work At Home Jobs Make $87/HR, Jobs Seen On TV. Jobs Hiring Now
Drive Your Car - Make up to $600 Per Weekend. Work When You Want.
Other Career Questions
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.