It depends
on your situation. Several key questions follow below to help
give you an idea of signals pointing to “yes”.
1. Are you
married?
2. Run a
business?
3. Dependent
children?
4. Other
dependent relatives?
5. You possess
a house
6. Currently
have major financial obligations? (mortgage, multiple loans)
A good life
insurance policy would handle the financial responsibilities
you left behind so family members wouldn't be burdened. Unlike
the funds from an estate, the benefits from a life insurance
policy will shoot straight to the beneficiaries, without any
roadblocks. Please note that you should not consider this to
be advice as we are not authorised to provide advice. However,
these are helpful comments to aid you to deciding what is right
for yourself.
