Is Life Insurance Suitable For Singles?
August 11, 2013
Singles tend to think less of Risikolebensversicherung than those people with family of their own. You need to be aware of the fact that you can still gain advantages from life insurance even if you are single. If you are a policy holder, you will be able to pay for your own funeral. It is unlikely to think of death, but reality bites. Accidents happen, which can lead to untimely death. If you don’t have coverage, then your family will shoulder the expenses of your funeral.
When buying Risikolebensversicherung, you have to know that policies are cheaper if you are younger. Hence, the best time to get yourself insured is when you are younger. If you choose the permanent policy, then your premium will remain the same. Even if you are single, it does not mean you will remain single forever.
Time will come when you will start building your own family and you realize that you badly need an insurance coverage for you and your family’s financial protection. If you are a policy holder, you will be able to support your family. You wouldn’t believe it, but most singles purchase life insurance to financially support their parents and loved ones.