1968mooney wrote:
Just remember, when you purchase Life Ins. you are betting you will die while the policy is inforce. The Ins. Co. is betting you will live.
I buy life insurance to ensure that my family will still be able to pay the bills, house and feed themselves if something unexpected should to happen to me. Others may be wealthy and not have to worry about the unexpected. Still others may not care what happens to their family if something unexpected happens. No one size fits all answer.
I don't consider it as someone winning or losing, I consider it as risk assessment and avoidance (covering all bets).
