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Life Insurance is a Privilege not a Commodity

Posted by:    on 16 Feb, 2009

Life Insurance is a Privilege not a Commodity

There are some individuals who feel that the process of buying Life Insurance is like ordering a pizza, just pick up the phone and soon you will have what you ordered. What people fail to realize is that Life Insurance is the most valuable gift you can give to your loved ones and that the companies that offer these products are the ones taking all of the risk.
The same people who feel they are entitled to Life Insurance seem to take their own health for granted as well. “I don’t need to exercise; I’m going to live forever!” The true reality of the matter is that no one lives forever and the ones who pay the price of your early demise are the family members you leave behind, not only having to cope with the loss of you but also dealing with the loss of the income you provided as well.
I have just completed the process of buying another insurance policy, OK, I’ve put on a few pounds since I’ve graduated (2 decades ago!), I eat more sugar than I should (a meal is not a meal unless there’s a dessert at the end of it) but until I realized how much more the insurance COST me, I was very nonchalant about the whole thing. Now I’m on a mission, letting myself go cost me 38% more than I would have paid, that’s money I could have spent on other things (Like more desserts, no, uh, I meant… a new treadmill?!?). The more unsettling factor is, if an insurance company was concerned about my health, how come I WASN’T!

Being approved for a Life Insurance policy is not as easy as some believe. Consider what the insurance companies must face, you pay them $100 per month (estimated), you have the policy in place for three years, you die in a car accident and after only receiving $3,600 from you the insurance company must pay your family $1,000,000! If you were that company wouldn’t you be careful about who you insured???

Getting approved is similar to graduating or getting approved for a mortgage. Neither is easy, in some cases, you really have to work for it. The main problem is that denial rates are never advertised, this is another industry secret that BeamaLife is helping to reveal. No one is GUARANTEED to get the policy or the dollar amount that they apply for. Insurance companies stay in business because they evaluate the risks that a particular individual may pose. Whether one or both of your parents died young or you are a crazy driver or have serious, untreated medical conditions, all of these circumstances will cause you to pay more for insurance, but in some cases, these circumstances can cause you to be DENIED life insurance!

Everyone should have Life Insurance doesn’t matter term life insurance or whole life insurance, not because you need it, but because your family does. If you put it off, delay it, think you don’t need it, you’ll regret it, trust me, I know. Call BeamaLife today and help us to help you. Not everyone who calls is guaranteed to get a policy, but I can guarantee you that you will NEVER get a policy if you don’t call at all!

 

 

 

 

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