What factors should you consider before you buy insurance?

Question

Quizplus · Accepted Answer

It is important to consider all these factors before buying insurance as they all play a role in determining the type and amount of coverage that is needed. Your present and future sources of income and savings can help you determine how much you can afford to spend on insurance. Group life insurance and pension benefits may already provide some coverage, so it's important to evaluate whether additional insurance coverage is necessary.

What Factors Should You Consider Before You Buy Insurance