I have come across many individuals or even owners or co-owners of companies proudly declaring that they do not need life insurance. What's on their minds?
Life Insurance is firstly for the benefit of YOUR LOVED ones. Life insurance has also what they call Double Dollar benefit because it actually comes with a Total Disablement benefit, meaning if you become disabled and unable to earn income, insurance will pay you.
Life insurance is also a WEALTH CREATION tool. Depending on your age, from as little as only 1% to 3% premium you get 100% coverage. For business owners / co-owners, I will be covering this in another blog entitled: Business Life Insurance for Succession Planning
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