I Really Believe in Life Insurance
Hi, I’m Chris Plante. I’m a licensed Life & Health Agent in the State of California. I offer personal, one to one service with clients of all ages and income levels. I believe in securing a worry-free (at least when it comes to leaving something for posterity) future.
We don’t buy life insurance for ourselves. We buy it for those who stay on after us. I get the response many times from people, “my kids can tend to their own. Before I’m dead I plan to spend as much as I can on myself.”
Someone who buys life insurance is saying to the world, “I care about all this, and I want to make it a better place,” so much so, that they are willing to do without a little bit while they live in order to give back. But it is not just the money they give back, it’s the ideal of deferment, an ideal that the living lock on to and carry forward to the generations after them.
The recipients of life policies don’t just benefit from the money. They benefit from the maturity of the one who thought enough to leave something behind. And they may go on to garnish some of that maturity themselves. Long after the money is gone you will find better people. More thoughtful. More participatory. More sensitive. The act of buying the policy can inspire this kind of behavior. Not always, but often. I like to think that more often than not since I tend to lean toward optimism and hope.
Term insurance covers you for a predetermined period of time. If you are still alive when the term expires than so does your insurance. People mostly buy it to cover themselves when they have an obligation, like children to raise or a business to protect, so that the surviving spouse or business partner can continue with the lifestyle that the income-earner or partner who passed away used to help pay for. Permanent insurance, such as whole life or an IUL, covers life for the entire life. It is typically more expensive for big coverage, so people tend to buy a large, inexpensive term policy to cover needs when younger, like raising children, and a permanent policy to have for their elderly years, one that grows in value, has a fixed rate that does not go up, can be used for retirement income, and cannot be purchased reasonably at an old age, when insurance is really expensive.