I want to have my own insurance (also for my family) but you see basic needs are more important for us to live our everyday life. I know it is important to have insurance especially if there are immediate emergency need to prioritize but it is not common for us in a third world country to have that privilege. Only with high salary or we can say atleast with a person who still not have his/her own family. In our country, this is not priorities nor have the campaign to teach this, so many of us
are not aware about the importance of it in their future.
Life insurance is part of what we should place priority on especially our health insurance. Just like they say 'health is wealth', if ones health status is good, their is still a much hope for such person to be rich. In most case, people don't do insurance out of poverty but out of ignorance and adequate knowledge about it's important. If people really know it's important, I believe they will put priority on it just like we do for other things.
Insurance companies have expanded a lot now almost everyone is getting insurance especially health insurance and long term schemes. Because insurance companies return money at a higher rate than banks. Apart from this, there are many profitable insurances. It can be seen again that fraudsters are deceiving many insurance companies by seeing people's interest in insurance, so you have to be careful about these things. And you should have contract with the most popular insurance company in the country.
Thats if you do stick with those long time running insurances on which you do know that it could be able to sustain but still there would really be no assurance that they would really be lasting until the very end of time or on the moment that you would really be needing it. Here in our country on which there are instances that known insurances that closed up their doors or did go bankrupt on which it causes for it to have those refunds
which it did take up for years specially into its clients. Well, there would really be no guarantees in life but basing up on the amount that you would really be paying up with thise insurances then it could really give out that kind of peace of mind specially into certain conditions on which we know that theres no assurance that there would be no incidents or condtiions that you could be able to encounter.
I do understand on why there would be those individuals who would really be that skeptical on getting one due to expensive price and there are still other priorities which needs to be done first
before getting insurances and there are ones who do mind that its really just that a waste of money on which its their choice to make on.