The Pros And Cons Of Life Insurance

In an ever changing world of uncertainty, we all should have some sort of insurance to assure us that regardless of the change that comes, our loved ones will be taken care of. As the population increases, we are becoming exposed to multiple faces of danger. The insurance industry has become like that of an ice cube left in the summer sun. The "what ifs" run like water as the ice melts, and we faced with the reality of having to make a decision based on the unknown. A wide range of insurances' are available, but the debate remains focused on, "what is life insurance and do I need it?"

The concept of obtaining life insurance can be traced back the Roman Empire; they believed "anyone improperly buried would become an unhappy ghost," thus leading to government/military embracement. Today we are offered the same services through various carriers, all aiming to provide us with "peace of mind" when it comes to life and death. When using the term "peace of mind" in life insurance, it always refers to the reduction of financial burden that follows after tragedy has struck. We exist in a generation of violence, of which most crimes are based on the goal to reach the top. Life insurance is our blanket of protection that covers and assures when death (regardless of how) strikes, panic won't set in. In simple terms, life insurance is the “blanket” that covers surviving loved ones by protecting mortgages, replacing income, covering final expenses, and providing college funding (only if you have children).

Before you can start to pick what plan will be best for you, often times you must see if you qualify. Don't the fear of being accepted scare you; each company has different standards regarding acceptance. Insurance companies use a process cal...

... middle of paper ...

...hat because they put in, they were able to “take out”. This is the same with insurance. You don’t see or know the actual carrier, you just buy a policy from an insurance company. Your premiums are paid every month, just as you promised, with the understanding should tragedy or when tragedy strikes, the carrier will be there to help you out. The individual is putting their faith into the insurance carrier. They are believing that because they were diligent and devoted, the carrier will “reward” them with monetary assistance. In this world of uncertainty we can be certain of one thing, and that is change. It is coming in many forms daily. Therefore it is best to be educated on the options available to sail right past the change, and to have faith in the decisions you make regarding the safety net you may, or may not choose in the event of death, tragedy, or illness.