It seems somewhat silly to even question the need for insurance especially in light of what's been going. There's been one natural disaster after another in the past few years. These disasters have devasted businesses, homes and disrupted people's lives.
You may ask what does natural disasters have to do with insurrance right? The government and property insurance take care of these problems, don't they? As some of us have personally experienced, the government has been slow to respond and home insurance covers only damage to the property. As the presenter stated during a meeting I attended this week, we insure our mobile phones, appliances, electronics, furniture and a host of other things but the most important thing most of us fail to insure is ourselves or our livelihood.
Many may argue that they can't afford it or insurance companies are unreliable when it comes to paying out claims, and these people may be right. There will always be circumstances or situations where these issues arise but it happens just as frequently when insure things and yet that does not stop us.
Ultimately, the one question we must ask ourselves is this: Can we
afford not to? Before you answer this, I would suggest you do the following
first. Determine what your needs are and what you can afford. Do your
homework and find out what is available. Is it whole life or term life insurance that would be best suited for your particular situation or need? What does your employer offer? Is there a gap? Do you need disability insurance or do you think worker's compensation is enough? These are just the basics but it is a good place to start. I hope this was helpful and got you thinking.
You can post any questions or comments that you have by responding to this article.
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