“A good man leaves an inheritance to his children’s children.” – Proverbs 13:22 (NKJV)
This verse keeps our life goals, our vision and our legacy front and center when we’re choosing how to use our money today.
Hello friends, today I stand not your insurance agent but Im happy to share with you an idea some of us aren’t aware of – the importance of owning a life insurance policy.
WHAT IF the head of the family is no longer in the picture?
WHAT IF the head of the family, the bread winner, will go away and don’t come back anymore?
These sad scenarios, your life insurance policy will take over the responsibilities. A policy or “a piece of paper” stating credible provisions to support the living dependents who are left behind will continue to live.
WHAT IS A LIFE INSURANCE? Life insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period.
WHAT DOES LIFE INSURANCE POLICY DO? Life insurance provides a death benefit to your selected beneficiaries after your death. A death benefit can help reduce the financial burden associated with settling your affairs, including funeral costs, debt settlements and your estate.
LOOK! My motivation to believe a promise of provision came when I joined one of the world’s largest life insurance company headquartered in the UK in 1996 as insurance agent and upon reading twenty years ago, an inspiring story published by Ann Landers, an American advice columnist and eventually a nationwide media celebrity. She began writing the “Ask Ann Landers” column in 1955 and continued for 47 years, by which time its readership was 90 million people.
The Widow’s Letter
Dear Ann Landers,
Last year at this time I was a secure, happy wife and mother. Today, I sit here wondering if I can get together the money to pay my utility bills before they shut off the electricity and gas. The grocer has been wonderful about credit. He knows I must feed myself and the five-year-old twins.
Fourteen months ago, I received a phone call from a hospital across town. My husband suffered a heart attack while driving home. By the time I reached the hospital, he was gone. I couldn’t believe it. The man had never had a sick day.
The ironic part of this story is that less than one month before he died, I asked him to buy some life insurance. He refused, saying the smart thing to do is to keep his money in a savings account where he will produce interest. When he died, the bank gave me the $2,200 he had in his savings account. If he had bought the life insurance policy, I would have received $50,000.
I loved my husband dearly, but I can’t help feeling resentful. After all, the children and I were his responsibility. He should have looked out for us. I hope you will print this letter. Maybe somebody will learn from it. – His widow.
DEAR WIDOW: Your husband made a mistake, which unfortunately you and the children are paying for. Put aside your resentment and accept the fact that he was not inconsiderate. He was ignorant.
Copyright © 2013 Bauman Insurance Services
THROWBACK 25 YEARS AGO: The most challenging career that I ever had was being a life insurance agent in 1997, a fresher in the industry and one of the pioneers of the newly opened Iloilo Branch, Philippines. During this time we made popular the company’s marketing drive – –
” There were 292 passengers who died during the Titanic tragic incident in April 14, 1912 were covered with a life insurance and claims had been paid. ”
Yet, the movie ” Titanic” was a nationwide blockbuster when we set our campaign in motion.
It was truly a great and rewarding opportunity that multiplied my income and happiness. Who would have really needed money? I won’t forget it.
I learned the importance of the word – WHY, that I used to answer everytime my client offered me objections. The issue here is to encourage the prospect to talk. As soon as a man gives you reasons why he won’t buy life insurance, and you try to argue, you are not going to sell him.
If you just get him to keep on talking, he will help you sell him. Why? Because he will pick out the most important thing he needs, and stick to it. Usually, that’s the true one. (Frank Bettger)
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