Topic: Insurance is important - page 17. (Read 3860 times)

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

It's your life and health protection. Because we've been working hard all of our days and with the savings and investments that we've made.
When illness and death comes to us, we're leaving this world but our love ones are going to take care for us, burials and etc.
And with those things, they come with a fee. They're not free at all but when you're protected with insurance, it's a big minus and help to them.

Life insurance is probably what everyone wants . No one wants a their kids to suffer and wife after their death. But at the same time health insurance as long as a person is still breathing. Lack of good health care may lead to death. It's advisable to ensure good health insurance for you and your family. This is because even if your not alive anymore they will be giving proper health care.

Insurance is the safety net of your financial plan having the right insurance in the right amount protects you and your family against unexpected events and provides a financial security. Apart from epidemics we have to face risks without fearing risks in many such dangers. We need insurance to deal with these various risks in life. Insurance is an excellent and novel method through which the risk be it personal risk or business risk can be transferred to the insurance company in return for payment of premium. Insurance plans also help in long-term capital preservation that will provide regular income benefits to meet your retirement needs.

Specially me I didn't go for the insurance as I have the money which makes me happy as the money I have today is without the insurance and I also earn it from my strength then how could I take my own money insurance.

And specially I didn't like that money for which I didn't work hard how could be a money for which I didn't even try to work and that will be very free I didn't even like to call its my money.

I often choose that type of money which comes through my strength and in which I worked hard day and night and then got that money I can always call it that is just my money and I have to use it now for my will happily.

Life insurance does provide guarantees for something if we die, so that our descendants don't have economic problems, because they get a bigger return. However, for me I prefer investing in property rather than carrying out insurance, because insurance is a company and however something undesirable can happen, unlike investment, we can manage it ourselves and can use it at any time, according to our wishes.

Insurance claims are quite difficult things that's true, I can't really point out how many people had something wrong and had trouble with claiming their insurance as well. My father was a big example, it is not related to crypto, but my father had a car crash, thankfully he got out without any problem at all, and the insurance company offered to pay 10% of the damages, that makes absolutely no sense at all, it is really not the reason why people would have insurance, if I am not getting all 100% back, then why did I paid that much for the company.

The reason why the insurance company rejected paying 100% was the fact that my father was in it for just a year, and they kept saying they did not paid enough to deserve 100% back. Finally he managed to get something like 70-80% of the damages, but still did not get 100% back.

Insurance is very good to be safe in life. In my family, my uncle car was trapped by robbers but he gained his car because he did his car insurance. Our family life is important from everything in life and we are living for them . We should focus on future and bad time can come at any time. Because after bad days ,there are also good days  and our decision matters a lot in life to save our family from any disaster. But many people think that Insurance companies are fraud but in my opinion fraud companies are also available in any country and you should research well before taking any step.

Insurance is the most important factor of our life, Personally it was very useful for me when the pandemic started when after three months i lost my only source of income (job).
Different type of insurance in our country, life insurance, health insurance, business insurance but i have only life insurance and i got big supported from my insurance in covid-19.

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Insurance is important, especially as health insurance is an investment in your future health. It's just that perhaps what @Bayu7adi said was not the essence of insurance but rather the technical problem, not the insurance savings. but ensuring that insurance claims run smoothly, indeed insurance is important, but if claims are difficult, people will be reluctant to rely on insurance. Maybe this is what you need to pay attention to before entering into insurance, choose insurance that has truly been tested for its services.

So it makes people more open minded, because insurance is not only for themselves but for their loved ones too. Nowadays, insurance is really needed, especially for health. For those of you whose parents are older, you will definitely feel the pain, whether it's a mild illness or one that requires regular check-ups. My family and I have insurance.

The best insurance that I have dreamed of getting is the life insurance. Because in the eventuality of my passing, I do not want my family members to suffer. I want them receive death benefit. Although, I want this i think it is very expensive and I do not trust all these HMOs and their offers some of them. What is good here is to acquire as much wealth as possible during your lifetime, and take your time to write your will. So upon your death, your family members will receive from your investments what is due to them from the will that you have written.

If we are given the opportunity, then we should also make use of it to insure ourselves and the properties we have, the general approach many have towards this is that they believe that those that should to on insurance should be those that have alot of properties assets because they will have the required financial stand to pay in for the service and also benefited from using it, but if there are low level insurance for the average individuals, then we can also go in for them and have ourselves insured together with our belongings.

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.

Around November last year, I volunteered to join a local and small NGO that was taking food, drugs, and other supplies to flood victims.
For context of how big the flood was, we used speedboats on roads and it was as though we were on a high sea.
Experts gave lectures on how to prepare for a flood and not wait for it to be too late. Some of the people we met told their stories.

We met one woman whose case I found very interesting.
She had a farm; a fishery and a poultry farm. The poultry was much bigger than the fishery. The farm was so big and established it made her thousands of dollars monthly in gross income. The flood took her by surprise, she was able to rescue some feeds and animals, but she lost so much of it.
Now let's ignore the fact that she was careless for not believing the warnings that a very big flood was coming because, in her words "In my 56 years of being alive and my 17+ years of doing this business, I've never experienced the tiniest bit of flood"
Let's focus on the fact that neither her farm nor a single thing on the farm was insured despite generating that kind of income.

Because of the damage we saw, the NGO started a campaign for the government to help these farmers with grants and loans so they can get back on their feet (but y'all know how politics gets). This allowed us to visit this woman at her farm. She's back on her feet, but it could take years to get back to what she was before the flood.
If her farm was insured, it most likely wouldn't have taken her that long.

There are many more people like this. A cab driver loses his care and he's back to square one because that's his source of income. Others get an illness that is expensive to treat and they go broke trying to pay for the treatment.
A husband and father die unexpectedly and leave nothing behind, leaving the wife to struggle alone to take care of the children. This takes a family that was comfortably a middle-class family to a lower-class family.

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".