Not many youngsters are inclined towards the idea of buying life insurance.
Most financial planners suggest life insurance as the starting point of any financial planning. Situations may differ but the need to get the risk cover may still exist.
Here are two such specific situations which may still require life insurance to provide protection to family members.
I am unmarried. Why should I buy life insurance policy?
The unmarried individuals could be correct when they talk of shunning any insurance cover. However, they may be ignoring a crucial aspect. The marital status should not be the basis to buy or not to buy insurance cover. Irrespective of that, life insurance is required only when there is a financial dependent.
