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

You may also like:

TTPS advice to help fix crime

Are you helping to fix crime?

Keep burglars out of your home

Travel blogger loves Trinidad and Tobago

American shares experiences in TT

Winta from Africa enjoys Trinidad

South Trinidad always my home

Improve your intelligence daily

Mental Health Difficulties – You Are Not Alone

Relieve stress with sun salutation

Easy ways to relax your nerves

Hypothyroidism – tiredness, depression, weight gain

PCOS treatment for fertility, hair growth, clear skin

Acne fix for when you hit your late 30s

Lose belly fat after 6 easy changes

How to lower blood sugar daily

Use glass bottles to balance hormones

Store food in glass bowls for balanced hormones

Check Also

Standard of living, positive multiracial family cooking together in kitchen

Standard of living: Adjusting to a reduced income

Everyone aspires to have a better standard of living. Even the most contented people desire …

Gambling slots

EGT Gambling Slots: Making your pastime joyful

EGT (Euro Games Technology) casino slots are presented on the best gambling portals in 70 …


  1. Howdy! This post couldn?t be written much better! Going through
    this post reminds me of my previous roommate!
    He always kept talking about this. I most certainly will forward this article to him.
    Pretty sure he will have a great read. Many thanks for sharing!

  2. I like this web blog very much, Its a really nice position to read and get information.

  3. I likewise believe thus, perfectly composed post!

%d bloggers like this: