0:10
is it a necessary investment or a waste
0:16
life insurance is a topic that often
0:18
causes confusion and debate among
0:21
some people believe it is a necessary
0:24
investment to protect their loved ones
0:26
While others see it as a waste of money
0:29
in this video we will explore both sides
0:32
of the argument and help you make an
0:34
informed decision about whether life
0:36
insurance is right for you
0:39
let's discuss why life insurance is seen
0:42
as a necessary investment
0:44
the primary purpose of life insurance is
0:46
to provide financial protection for your
0:49
family and loved ones in the event of
0:51
your untimely death if you are the
0:53
primary Breadwinner in your family your
0:55
death could have a significant financial
0:57
impact on your loved ones
0:59
life insurance can help cover expenses
1:02
such as mortgage payments children's
1:04
education and other financial
1:08
it can provide your family with the
1:10
financial support they need during a
1:12
difficult time allowing them to maintain
1:14
their standard of living and avoid
1:16
financial hardship on the other hand
1:18
some people argue that life insurance is
1:21
a waste of money they argue that the
1:24
cost of premiums can be expensive and
1:26
the probability of dying at a young age
1:28
is relatively low in their view the
1:31
money spent on life insurance could be
1:33
better invested elsewhere such as in a
1:35
retirement fund or real estate however
1:38
it is important to consider that life
1:40
insurance policies can be tailored to
1:42
fit your individual needs and budgets
1:45
you can choose a policy with a lower
1:47
premium and lower payout or a higher
1:50
premium and higher payout
1:52
additionally some policies have a
1:54
savings component that can accumulate
1:56
cash value over time which can be
1:59
borrowed against or used for retirement
2:01
income furthermore the probability of
2:04
dying at a young age may be low but it
2:08
accidents and illnesses can happen at
2:10
any time and it is important to be
2:12
prepared for the unexpected life
2:15
insurance can provide Peace of Mind
2:17
knowing that your loved ones will be
2:19
financially protected in the event of
2:20
your death in conclusion whether life
2:23
insurance is a necessary investment or a
2:26
waste of money depends on your
2:27
individual circumstances and priorities
2:30
if you have financial obligations and
2:33
dependents who rely on your income life
2:35
insurance may be a wise investment
2:37
however if you have no dependents and
2:40
few Financial Obligations life insurance
2:43
may not be necessary ultimately it is up
2:46
to you to weigh the potential benefits
2:48
against the cost and decide whether life
2:50
insurance is right for you
2:52
thank you for watching this video for
2:55
more videos like this kindly subscribe
