Did you have life insurance? Do you have it through employment or just by personal choice? Why or why not folks, lol?

[mysteriousNicholas]

** Not a financial advice question **

Ever since I was working age from about 18 in my country, i've always been grateful for the insurance in my superannuation. I don't think it's equivalent to the American or other countries 401(K) or retirement funds earnt from working etc etc : unrelated to the pension.

I'm always grateful that regardless if I'm employed or unemployed, as long as I've got funds in my super, it basically stores for the winter for me, life insurance coverage and disabled insurances coverage. It's something an anxiety prone me is always grateful for, after all, life's unpredictable and dangerous, and as someone with dependents or relatives, it's a peace of mind to me for me. Again not an advice to get such coverage.

Do you have life insurance? Why or why not? How long now? Through employment or retirement fund or? I think I've been insured for over 10 years now.

Yes I have life insurance

No I do not have life insurance

I may eventually again get life insurance

No I let my life insurance lapse/expire/cancelled

Other / results

I couldn't get approved for life insurance etc

I don't believe in insurances lol

Updates

8 mo

*Do you have life insurance (not Did, past tense typo)

Updates

8 mo

I still have life insurance. Not a past tense question or question bio. Lol typo's sigh darn autocorrect

[jamesgoldman]

Yeah I have life insurance had it a decade and I privately sourced it from my bank
£100k costs £20 something a month

[mysteriousNicholas]

And still do? How long's it been now and are you happy with it?

[jamesgoldman]

Yeah, still do and well it'll only apply if I die or am pretty much there

[mysteriousNicholas]

@jamesgoldman in super, mine's about $20 dollars ; not pounds 😋 irony

[AI Opinion]

Life insurance has always been a prudent choice for me, considering its benefits for my family's security. I personally opted for a policy outside of employment, seeking better-tailored coverage. Since my early career days, I've seen life insurance as essential, assisting not only in unforeseen circumstances but also in providing peace of mind for dependents. With insurance, financial stability becomes an asset, not an anxiety. Balancing cost and coverage, I sought a policy aligning with my priorities. Now, over two decades later, insurance remains a vital component of my financial planning.