Life Insurance Boca Raton FL
Reader’s Question:
I just got my car insured because Florida FL law requires that. It’s weird because I don’t have insurance for myself but my car has one. Should I get life insurance in Boca Raton? I am single and have no dependents and I don’t think I need it. Or do I?
Diego
Boca Raton, FL
It’s good that you’re being an obedient citizen and following Florida laws. Since you’re required by the law to get insurance for your car, then that should be your first priority.
But it’s also good that you’ve asked about getting life insurance for yourself. The thing is, life insurance works to protect your dependents from financial problems once you die. Since you just stated that you don’t have kids or dependents, you really don’t need a life insurance policy (that’s for now of course, if ever you get married and have kids – that will be another story.) However, there are life insurance policies that earn cash value over a certain period of time. This way, you can loan or borrow the money when you need it, or can serve as your savings in the long run.
Remember that when you apply for a life insurance policy, you have to go through a medical examination to see whether they can cover you. Insurance companies will also take a look at the kind of work you have and the activities you do (talk about being partially invasive!). But this is in order to determine the risks of you dying early. The results gathered through their observations and examinations will determine the premium rate you have to shell out.
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