Do You Have Life Insurance Policy?

[Kane]

Have you bought a life insurance policy? What kind of policy it is? I have a term life insurance policy, it will mature when I am 55 years old. When it matures, I will have a substantial amount of money. I can use that money to live the rest of my life without having to worry about my finances.

 

[Sanjeev]

I don't have a term-end policy but have a few policies which will help to pay me when I get retired and have no source of earnings.

 

[Salt]

I have a question, aren't term insurance those policies in which we only get the money or our nominee when we die and there is no maturity?

I have 2 life Insurance policies.

 

[Niyi]

In my country, people don't take insurance serious. The only people that even try to do insurance are car owners and that's even because it is a regulatory requirement.

And I have been caught up in that culture. So I don't have any insurance policy.

 

[Salt]

It's better to have our life insured from any mishappening that may or may not happen to us as at least it will help in compensating our family for an amount that may be useful in paying some of the debts etc.