Why rush? Buying insurance has a sweet spot!
These days, everybody is searching for that one thing to invest in for the greatest return-on-investment (ROI). It would light up your world to know that your investment swings you a 200% profit. Wouldn’t it?
Insurance is the type of investment that channels a stream of wealth to your family yet you’ll hear
“I can’t get any money from this thing throughout my lifetime so why bother?”
The same person though, would be happy to know he or she is listed as the benefactor of another person’s 10million dollar insurance. I guess we can’t all think selfishly. But if investing in a life insurance is too much, be comforted by the fact that there is a SWEET SPOT! Yes!
The day before you die.
Imagine spending $10,000 today and your family gets the millions tomorrow. How sweet? Except that we all need to request the date for which Mr. Death booked us; assuming we are insurable. Many persons do not recognize that insurance companies may actually be scared of insuring them. They may have had a poor medical history or even critical accident-related injuries. One young lady was innocent enough to say “Am young, I don’t need life insurance for myself but I will get one for my father. How much?”
Where is he? “…at the hospital”.
As scared as she was to handle a possible burial expense, insurance companies estimate the impending danger too. You stand a greater chance at cashing out salvation on your death bed than insurance. Then, imagine the task of an agent to push water uphill trying to convince a person with half-excellent health to get insurance before their health deteriorates. Issuance is not available for grab when you like, you must get approval. ?
How about the family that comes to make a claim because they saw when the ‘insurance lady’ spoke to their now deceased relative last month. Ouch, there is no money to claim, the relative wanted some TIME to think about it and unfortunately, missed the sweet spot.
Why rush? If you have a rental agreement on each breath you take, no doubt you know when the lease is up. Take your time.
Issuance is not available for grab when you like, you must get approval. ?