If we look behind, every second of the time of our ancestors was a new threat of war and fight. We can see that people lived in greater fear than nowadays. That fear made them fight against the threats and they managed to survive the best way they could. This was the moving force that leaded them to success. Because of the background we had and the consequences behind every death that we all have witnessed, this world is moving into new era, the era of the investments and insurance.
This product is created in order to help people to insure their life, or to insure someone else’s in case of expected or unexpected dead. We call it permanent life insurance. This type of insurance can be adoptable to many needs and people can benefit from it. Indeed, the life insurance is used mostly for financial stability of the family of the diseased. Not so pleasant subject of speaking, but the reality crushes everybody’s expectations and we must learn how to adapt and to live with it.
Like said before, this era of insurance can be accepted or denied. Who can accept to invest and who cannot? People with heart disease, chronically sick people have the need to purchase this type of insurance. However, young, healthy and strong people are also users of life insurance who want to insure themselves for the bad days to come. The permanent life insurance is the product that works for the people only in case of accident or death.
How does it work?
In case you decide to invest and have permanent life insurance, have in mind few things. First of all, they never guarantee that the invested money will be paid off and returned back to you in case nothing happens to you during your whole life. And, the money you invest during the years are hundreds and hundreds dollars; money that could be saved aside and invested in greater things. But, in case you get sick or you die, they will pay the entire amount as promised and with interest rate on the main amount you invested. This is the real way the insurance companies work.
So, we consider that if you ever decide to create permanent life insurance, make the policy when middle aged. The amount will rise from day to day, and after your departure the family will stay financially protected.
