Topic: Insurance is important - page 20. (Read 4381 times)

Life insurance may not be necessary for many people, especially those working in the financial industry related to investments. But I think health insurance is necessary because incidents can happen to us at any time and if we have health insurance we will receive many benefits. Like my son was hospitalized for a heart condition and without health insurance, my family would have to pay a lot of money and I wouldn't be able to afford it without insurance. There are many benefits when we participate in insurance, but it depends on the economic conditions of each family.

Between investing and buying insurance, I will also choose to invest, but because I am not rich yet and I want to multiply my money many times over, not because I find insurance useless. If I were rich, I would also buy insurance for my children.

If you are into business, you should take investment insurance. But if we talk about our personal insurance, health, and life insurance is our choice. All of us are encouraged to get those things just for the sake that we are secure once illnesses or death come. Maybe some people don't see it as important but for me, and those who think about the future will certainly take any of those insurances.
Well, maybe you're not but you can find it very important someday. In fact, rich people do this because it is not just solely for themselves but for the entire family as the benefactor of the said insurance.

Health insurance is very important in everyones life but I think it's also our responsibilities to choose the right partner. Like make sure that you chose a partner that his genotype matches with yours, if you see AS in genotype, don't mary a partner that is AS else you have just sign the rest of your life in burdens that will suck all your money, choose a life partner wisely. Don't ever settle for some person that is highly risky to your finance, marriage is more than love.

Even as a single man, invest in your health and go for check up when. You pah for this insurances, don't allow the monthly insurance money to go wasted. Don't wait until you have develop intense sickness, go for check ups and scanning to know the status of your health because health is wealth.

Well, I could say it was important but it was not a priority as we can still live without this. Of course, for those who are rich and are enough to pay it monthly, I think they need it really. For some people, it was just preparing for the worst - accidents and death. But we can't see our destiny, at least by having this insurance we could live with peace of mind as we no longer bother any of our family or relatives for the expenses of whatever happens. It is a part of our preparation and we know that we will go that way soon.

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 isn't "it's like saving money for emergencies" because it's the money for emergencies. Depends on what country you are from, most companies require that you have the government insurance to be able to apply for their company and those companies will shoulder the burden on paying your contribution that's why I didn't agree that not everyone can afford insurance maybe the private owned insurances sure but the government owned ones, I am sure that every citizen of a country should be able to afford that. The problem with the one that you are talking about is that they didn't plan how they will pay for it very well and that they probably don't have that big of an income to maintain the payment for that insurance.

A person decides to get insurance if he thinks that his future financial condition will not be very good and he will not be able to afford his medical expenses if he falls ill. Insurance is usually of several categories, some are medical insurance, some are accident insurance and some are life insurance. Life insurance is likely to be such that if the person insuring the life insurance dies before the child reaches the age of majority, the insurance company will pay a larger amount to the child, and if the person dies after the child reaches adulthood, the amount The company will return the money deposited in the company to his family. I don't think insurance is that important to me in my current context but if I ever think I should have insurance I will consider it.

Indeed. But once you experience this yourself (the unexpected calamities and life situations) that's when you'll realize the importance of having an insurance. This is not a priority for some of us especially to people living in undeveloped countries but if we think deeper on how it can be useful in the future then we can say that it is wise to have one.

I can attest how important it is when my brother became ill. His life insurance help him financially because his health situation is considered as critical illnes, qualifying him to receive a huge amount. Now he is fully recovered and not struggling financially because of his insurance.

That's advance thinking when people haven't bought yet an insurance and they're thinking that claims is difficult to do. You haven't got it yet and then you don't know how to claim yet but you're already thinking of it something difficult. This depends on the company and agent where you bought that policy.

There are people that think like that as if they have already insurance, they only listen to bad stories but not to the good ones where insurance has helped someone's family successfully.

It's okay, they're not arrogant, they just don't feel that they need it now and they are not yet educated about what's the use of it.

Also, they haven't experience yet the unexpected. Thus, they say that don't need it but that's fine because we're dealing with different situations.

The oldies that haven't taken insurance and when they're on the bad situation and in sick, they think that's the best time to get insurance. They're wrong because the rules about getting a policy is when you are healthy or if they're allowed, it should be premium and more expensive on their state.

There is poor awareness about the importance of Insurance in some countries, so some of the citizens and people never hear about it, or hear it always feel like it does not apply to them because of insufficient information about it. Some know about vehicle and property insurance, but do not know about health insurance even when health is an asset. While for the other category of people in the under developed and developing countries, they may have heard about Insurance but due to how poor the economy and how they struggle for money may never consider it as important.

    Everyone has their view of insurance, for me insurance is an ironical advantage to living. Insurance companies now are deceitful and instead of us or our assets being genuinely or legitimately insured, the insurance story is now used as a plot to lure us into believing without suspicions and then we get unknowingly robbed of our earnings no matter how little we gather. The fact that we pay for insurance that is not even guaranteed ought to be a red flag. We've seen its application health wise.
   Now for instance, we get a new vehicle, we go to the insurance company, pay for this vehicle to be insured, and then something unplanned for and unexpected happens, can we be so confident that our insurance would be able to cover our loss? Even they're to pay for the damages, how much will this insurance company pay us that'll be tangible enough to near the worth of our loss? So the general insurance talk is just stealing in disguise because both then, now and forever, no insurance company will be able to insure our assets right for us. I personally, I'm against insurance idea because in worst cases, it's still more like one losses in both sides, first lost the asset and secondly lost to the insurance because he actually paid and renewed insurance payments for this asset that cannot be insured.

This is so true, a lot of people in underdeveloped countries don't take the issue of insuring a property any important maybe because most of these countries don't have functional insurance company and those that might be even functioning will be looking at ways to only make profit thereby doing unnecessary investigation just to avert making payment in cases when the policy is to even take effect.

People should realize this but majority would really be just simply telling that it is really just that an another expense or a burden without even trying to look at about its relevance and benefits.
You might not be able to appreciate it out because we do know that we cant really be able to involved with accidents or health issues (hopefully not) but having or securing one would really be something
recommended because we dont know on what comes next into our lives on which it would really be just that normal that we should really come prepared or else then you would really be
having that huge financial impact if you dont have insurance.

Insurance is really that important, it is really just that people dont see its worth until they would really be able to experience those unfortunate events into their lives.
Also, yearly premium or monthly wont really be that too much of a burden since it is really that something an amount which you could be able to provide.
For the sake of your families safety and assurance then it would really be better to have one.

Every country has their different insurance scheme as what worked for country A might not work for country B. Insurance is expensive but it's benefits outweighs its expensive nature. Rich men do not bother so much about their assets because they are all insuranced. It is poor men who easily fall back to poverty when they make moves to escape poverty because of lack of insurance.

I got another sense of insurance when I learnt that Lionel Messi insured his left foot for whooping $900 million. This is astonishing and tells volume of the importance of insurance or assurance as it relates to life.

I don't know what kind of insurance policy any country uses. However, in the society where I live, I have seen three types of insurance being used more, namely life insurance, health insurance, investment insurance. I got the idea about insurance from one of my neighbors who works in an insurance company. Life insurance ensures that your family receives financial support in the event of your death, so that they can maintain their standard of living. Health insurance covers medical expenses, ensuring you access to essential healthcare without financial burden. Investment insurance helps in wealth growth and financial security. I think that insurance, be it for life, health or investment is one of the future gains.

Insurance is not easy to get in every country. In the country I live in, insurance costs are very high. In order to get insurance other than compulsory insurance and to pay for it, your income must be above a certain level. Some friends mentioned monthly payments for insurance in the comments, but in the country where I live, insurance is usually paid annually. In other countries, both prices and payment methods are different and I think there are big differences in participation rates.

Everyone wants to have an important insurance like life insurance, but it is not easy to pay for it. So I don't think most people in my country would even think about it.

I hope you would have a serious rethink and hopefully a change of heart concerning Insurance generally. Insurance has helped a lot of people have something to fall back on where all hopes is seemingly lost during an emergency.
There should be different licensed insurance companies around and you could compare their terms and services to find whatever would suit you best.

Nothing can guarantee a perfect health in the life of an individual. Not even an insurance policy. From your point, I think you expect a whole lot from insurance companies. There aren’t there to give you a new life as they’re not the creator.
They help out and compensate with some aid during unexpected events that are financially challenging and could rise when you least expect.

Insurance has actually played major roles in businesses, let’s take a look at business interruption insurance that covers an individual in the event that if he or she does suffer a loss at the premises and are unable to operate, then his or her income and any overheads they may be due to pay would be protected and paid out on his /her behalf so that they will not have to worry about paying staff wages or salary .

The importance of Insurance is quite numerous because also in Business, financial compensation is provided against financial losses arising out of fire,theft,also any mishap that is related To Marine activities And other accidents And also To help individuals mitigate And hedge against the risk of unforeseen losses .That is To Say that Insurance is up To protect individuals And the Society atlarge .

Many occur because they see some of the same cases. Where they are with their insurance but the service does not match what they expect is often ignored by their party and often this becomes an argument between the customer and the insurance because it does not match what is desired.

Ever heard a story from someone who used to be offered insurance, you could say the company was well known among the general public, at the beginning they said if it was more than 15 years then the insurance could be claimed, but after 15 years passed when the customer wanted to claim it, the company refused the claim for various reasons, who knows what happened ... someone told me that he regretted following insurance from the company because it did not match the initial promise that was said.

Even though we have chosen a clear and credible insurance company, sometimes claims by heirs are always difficult.

Yes true Health insurance is a very important thing because we may fall ill suddenly and at that time for some reason our financial condition may be bad and then we have to face many dangers if we don't have health insurance. And if you have health insurance, the insurance will be very useful during that emergency moment  So everyone should do it. Apart from this, it is better to keep some other insurances which may be in case of our emergency moment