Is insurance really a waste of money?

[Niyi Briggs]

Insurance is basically securing yourself against the uncertainties of life. Some people say they buy an insurance plan and no uncertainty happened. They are of the opinion that insurance is a waste of money. Do you agree with that?

 

[Magnus2022]

It is not true. Every business suppose to be insured because accidents can happen. Sometimes, we assume we are different from rest of other humans but it is not true. We may see accidents like something we can't experience because we are special. The truth remains is that disaster can fall on any body.

 

[cherry123]

Insurance is basically securing yourself against the uncertainties of life. Some people say they buy an insurance plan and no uncertainty happened. They are of the opinion that insurance is a waste of money. Do you agree with that?

.No I don't think so . it is better to have a backup than not have it at all. People just need to know the benefits and understand this better

 

[rubesh]

Insurance is not a waste of money, but it may not always be necessary or the best option for everyone. Insurance is a way of protecting against financial losses resulting from unexpected events, such as accidents, natural disasters, or illnesses. It can provide peace of mind and financial security by helping to cover the cost of unexpected expenses.

 

[cherry123]

Insurance brings with it a kind of protection and great backup so it gives one the needed peace of mind needed

 

[Bisolami]

Insurance is basically securing yourself against the uncertainties of life. Some people say they buy an insurance plan and no uncertainty happened. They are of the opinion that insurance is a waste of money. Do you agree with that?

It is not a waste of money but it depends on how you see it and it depends on the kind of insurance that you have

 

[cherry123]

Even if the insurance you did never happened but it is good that you had a kind of protection on ground.

 

[Raja]

Buy insurance to make your family secure and to save money

 

[cherry123]

Especially the life insurance it will help the beneficiary to still be financially free after the insurer I's gone.

 

[Enxx]

Insurance is not a waste of money because we never can tell what will happen in future and this will help us by then

 

[Johnson2468]

Insurance is not a waste, it is to help when there is an unpleasant and unplanned event

 

[cherry123]

No insurance is no waste it all for the better to have insurance for oneself

 

[iyanpol12]

It isn't. You can use it whatever happens in the future.

 

[cherry123]

Sure it is to help one have a better future which is better

 

[Hate2Wait]

NO its not waste but you don't need to use all your savings into Insurance as returns are low

 

[iyanpol12]

NO its not waste but you don't need to use all your savings into Insurance as returns are low

Yes. You can invest some of your money, while others as savings. A fraction will go to insurance.

 

[hastral45]

Insurance is not a waste of money. This is a system of providing protection against any crisis that may likely occur to one's assets in future. Insurance is a kind of investment policy.

 

[misha]

no life insurance is really good some of my friends received the money after the death of there family members

 

[iyanpol12]

no life insurance is really good some of my friends received the money after the death of there family members.

It actually depends of the kind of insurance you availed. At least with life insurance, you won't leave your family debt for your funeral. There are insurance which also has beneficiaries.

 

[hastral45]

It actually depends of the kind of insurance you availed. At least with life insurance, you won't leave your family debt for your funeral. There are insurance which also has beneficiaries.

This is the most insurance policy that every individual must obtain. But most people does not want to discuss any matters relating to death. This is absurd.