Alex asked in Business & FinanceInsurance · 2 months ago

Is life insurance only for older people?

17 Answers

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  • 2 months ago

    No, nowadays, life insurance is for everyone and one must go for.

    • Joe
      Lv 6
      2 months agoReport

      Why must a 22 year old go for it ?

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  • 2 months ago

    No, It's for everyone, even for the newborn child.

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  • no, it's security for your family.

    you know when you die, obviously not. so if you unexpectedly die For your Family financial Security. you do life insurance that's it. it's not for old man.

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  • 2 months ago

    Nope...............

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  • 2 months ago

    No. Life insurance is most needed by those who have young children. Once someone's children are grown, they have less or no need for life insurance.

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  • John
    Lv 7
    2 months ago

    I'm old and I don't believe in life insurance.

    • Anonymous
      Lv 7
      2 months agoReport

      The nice thing about life insurance is that it still works even if you don't believe in it.

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  • 2 months ago

    No.  A man with a low or no earning wife and three or four young children would be wise to have life insurance.

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  • Judy
    Lv 7
    2 months ago

    No, is often more important for younger people who have anyone depending on their income.

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  • 2 months ago

    Its meant for anyone with dependents who rely on someone in the household who earns an income. I'm single so I have just a little life insurance from my employer, enough to cover funeral expenses if something happens to me. 

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  • GA41
    Lv 7
    2 months ago

    No. It is for younger people with families that would suffer if their primary bread-winner would suddenly die. If a young husband is supporting his wife and family, his wife would benefit from a large payout if he should die. Otherwise, she is left to support the children alone and may not be employed. An older person with a good nest-egg and no children does not really need the life insurance. His wife would be left with Social Security and the nest-egg to support her if he died.

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