Why do I need insurance?

Why do I really need insurance?

By Patricia James-Wilson. The topic of insurance and the need of having insurance is always a conversation for contention. The demographics of thoughts and feelings on the topic normally range from those who feel that insurance is a rip off from the word go, to others who will swear up and down about the benefits of having it.

There are also those who wish they had more but can’t afford it while those who can afford it and have needs for it just simply are not very responsible to themselves and their dependents.

The history of insurance in the first place came from the needs that exist in the IF found in life.

The most crucial “IF” is “If I were to pass away unexpectedly what would the financial status of those I leave behind?”

“If I was to get seriously ill what will be my choices for good health care?” “If I was to become disable and could no longer work what then?” These and many others stirred the need to protect that “IF” in life.

Since we are not all blessed with unlimited funds to take care of the different needs in life, insurance is the best solution unlike the chances of winning the Lotto.

Insurance covers all unforeseen occurrences

When a young person leaves school their major concern thereafter is securing employment to take care of themselves. During their working years they may want to return to school or do additional schooling for higher earning power.

Then love, marriage, children, owning a home, vehicle, vacation, etc. duly become life’s goals. Before long, they are facing education now for their own children, while approach mid life and heading down towards retirement.

Along the way unforeseen occurrences may or may not afflict them, i.e. illness, accidents, retrenchment, even death.

Peace of mind

These are the realities, whether we want to accept them or be like an ostrich sticking our heads in the ground with our behinds exposed to the elements. With proper planning for the short, medium and long term goals the “IF” in LIFE can be successfully embraced even looked forward to with a measure of peace of mind.

In the next article, we will look at how a person can identify what and how they should approach the selecting of what is best for themselves and their families.

Contact 868-687-6503 for more info.

Patricia James-Wilson, LUTCF, CAT, Financial Advisor. T/A Semaj Consultancy Services, Finance. 

April 2016 – Issue 21     www.sweettntmagazine.com

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