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Who Should Buy Insurance? | Financial Planning Process | Dr Sanjay Tolani

Who Should Buy Insurance? | Financial Planning Process | Dr Sanjay Tolani In today’s video, I will be covering on who should buy insurance? 🧐

So let me give you who should buy insurance. ✅
1. If you are dependent on someone’s income, that income needs to be protected. So that income provider should be insured.
2. Anything that can stop that income from happening should be insured.
3. Certain eventuality of life should be insured.
4. There is a point in time where you say “That's enough, I’ve had enough. I cannot work anymore.” In other words, if you plan to retire.

So, who should buy insurance? Almost everyone. It's very rare that I meet someone that I don't believe needs to have insurance. So almost everyone that I have met and I would say that is 99.9% of the population should be insured. Because there are certain risk in life that you cannot manage and you have to transfer it to a third party to manage it for you. 🤔

Everyone should buy insurance. 😱

Now if you like to know more about which insurance to buy, leave me a comment and I will try to answer those questions for you. See you in the next video. 🤩

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Dr. Sanjay Tolani, became the “youngest member” at the age of 19 and the “youngest life member” at the Age of 28 to the Million Dollar Round Table (MDRT). He also has 13 Top of the Table Qualifications (TOT), which is considered the pinnacle of the financial services profession. To top things off, he is also the youngest Managing Director of an insurance brokerage in the Middle East.

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