So even Batman needs insurance? 🤯

​The Life and Health Insurance Foundation conducted an interesting survey in 2005 to determine how well Americans understood life insurance. 

​1014 adults were asked to answer one question: "Who needs life insurance the most: Batman, Spider-Man, Fred Flintstone, Harry Potter, or Marge Simpson?"

​Batman received a whopping 18% of the vote. Makes sense? Someone who has dedicated his life to fighting criminals in Gotham's shadowy streets, skies, and rooftops, his job is dangerous. 

​But here's the thing: life insurance protects dependents from financial hardship. But Batman (aka Bruce Wayne) has no children, spouse, or parents. Not to mention that the dude is wealthy, with an estimated net worth of $6.5 billion.

​This raises the question, "Do billionaires even need life insurance?"

​The ultra-rich actually have a rather unique reason for purchasing one: estate tax planning. When a billionaire dies, their estate is distributed to their heirs. However, the heirs will have to pay substantial estate taxes on this inheritance. (This does not apply in India.) 

​Because billionaires' money is usually invested in assets, the heirs may have to sell some of these assets to raise the funds. However, if the insured has a life insurance policy, the death benefit (which is tax-free) can be used to pay these tax bills and debts (if any).

​Ditto is the strategic insurance partner for The Builders Club

​All builders in the Builders club get a priority pass from Ditto if they are looking for insurance, allowing minimum waiting time for availing our advisory services and a 24x7 senior insurance advisor for all insurance related advice.

​What is Ditto?

​Ditto is a fast-growing customer centric, spam free insurance advisory platform focusing upon contextual & personalized advisory that is changing the way we look at and buy insurance. Ditto is a product of Team Finshots.

​Ditto has helped over 85,000+ people to make an informed decision when it comes to understanding and buying insurance.

​About The Builders Club :

​​The Builders Club is a community driven platform which is an enabler in your startup journey.

​​We have multiple initiatives and events which we do regularly to help you accelerate your growth and move to the next stage of your startup life cycle.

​​Know more:

​https://www.thebuildersclub.me

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