A Better Quality of life Insurance Proposal

Life Insurance (though it shouldn't be) is a very controversial issue to this day. There seem to be a lot of different types of life insurance out there, but there are only two kinds. They are Term Insurance and Whole Life (Cash Value) Insurance. Term Insurance is pure insurance. It protects you over a certain period. Whole Life Insurance is insurance plus a side account known as cash value. Generally speaking, consumer reports recommend term insurance as the most economical choice, and they have for some time. But still, whole life insurance is the most prevalent in today's society. Which one should we buy?

Let's talk about the purpose of life insurance. Once we get the proper purpose of Life insurance that pays in life down to a science, everything else will fall into place. The purpose of life insurance is the same as any other type of insurance. It is to "insure against loss of." Car insurance is to insure your car or someone else's car in case of an accident. So, in other words, since you probably couldn't pay for the damage yourself, insurance is in place. Home owners' insurance is to insure against the loss of your home or items. So, since you probably couldn't pay for a new house, you buy an insurance policy to cover it.

Life insurance is the same way. It is to insure against the loss of your life. If you had a family, it would be impossible to support them after you died, so you buy life insurance so that if something were to happen to you, your family could replace your income. Life insurance does not make you or your descendants rich or give them a reason to kill you. Life insurance is not to help you retire (or it would be called retirement insurance)! Life insurance is to replace your income if you die. But the wicked ones have made us believe otherwise so that they can overcharge us and sell all kinds of other things to us to get paid.

How long do you need life insurance?

Let me explain the Theory of Decreasing Responsibility, and maybe we can answer this question. Let's say that you and your spouse just got married and have a child. Like most people, they are also crazy when they are young, so they go out and buy a new car and a new house. Now, with a young child and debt up to the neck, here you are! In this particular case, if one of you were to pass away, the loss of income would be devastating to the other spouse and the child. This is the case for life insurance. But this is what happens. You and your spouse begin to pay off that debt. Your child gets older and less dependent on you. You start to build up your assets. Keep in mind that I am talking about REAL assets, not fake or phantom assets like equity in a home (which is just a fixed interest rate credit card)

In the end, the situation is like this. The child is out of the house and no longer dependent on you. You don't have any debt. You have enough money to live off of and pay for your funeral (which now costs thousands of dollars because the DEATH INDUSTRY has found new ways to make money by having people spend more honor and money on a person after they die than they did while that person was alive).

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