If you know your life chances are greatly reduced, should you be in a position to take out life insurance if that knowledge is not available to the insurers?
Sentiment: NEGATIVE
I was told when I went for a life-insurance exam when I was 18 that I was not likely to live past 50, so I refused to pay the premium.
After all, as a taxpayer, if I'm acting as the insurer against losses, I should have the right to say what risks the insured can take.
If a child, a spouse, a life partner, or a parent depends on you and your income, you need life insurance.
Not having insurance not only destroys your life, it destroys your fiscal life. It breaks up marriages. You cannot functions anywhere unless you have good health.
If there is anyone dependent on your income - parents, children, relatives - you need life insurance.
It's very easy for trusted companies to mislead naive customers, and life insurance companies are trusted.
I detest life-insurance agents: they always argue that I shall some day die, which is not so.
To make a coverage decision, doesn't one have to make a medical judgment?
Once your kids are grown and you know that you're completely healthy, consider canceling your life insurance policy.
People don't want to be told what type of insurance they have to have.