Why Do I Need Insurance?The simple answer to why you need insurance is because you're responsible for yourself, your loved ones, and all debts attached to you. People can sometimes run into a false belief that when they die or get sick that things will just "work out". This is a very dangerous belief, as that never is the case.
When someone dies, there is no recourse. That person died and can no longer make money for their family or pay off their mortgage and debts (also, debts don't just go away after you die either, it's passed on to your estate, meaning your family could be responsible). Same for the people that get seriously ill. Your greatest asset is your body and it's ability to work, if you ever lose that you'll find that it gets difficult to keep your lifestyle the same. Your bills and extra medical expenses won't just be covered while you recover, and you'll either need to pull from retirement savings or go into debt. Things to Consider when Getting Insurance
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