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Why Buy Life Insurance?

Tuesday, October 13, 2009 at 1:49 PM

To a young, healthy person, the concept of life insurance is not high on their list of priorities. Certainly, death can occur at any time, even in youth, due to accident or catastrophic illness, but the likelihood is so small that it deserves little concern. In middle age, perhaps we begin to respect the fleeting quality of life and have a family to consider. In considering why life insurance might make more sense at this time in life, consider its two forms: to use as a one-time pay out in the event of your death: to use as an investment, accumulating interest over the period of the policy.

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