As you browse the internet and come upon sites covering the topic of life insurance, almost every one of them throw all kinds of factual information at you. There are articles galore:
- Some extolling the value of whole life insurance over term insurance (https://insuranceguidelocal.com/types_of-life-insurance/
- other sites debunking whole life insurance as the worst type of investment you could ever encounter (www.insuranceandestates.com/dave_ramsey_life_insurance)
- others taking a middle of the road approach finding it to be a safe place politically (www.policygenius.com?/blog/clark_howard_whole_life_insurance_term/) by suggesting you should never buy life insurance unless it is level term and no other.
Graphs and charts trying to add a visual dimension to the discussion makes a person grow weary in trying to decipher them. Mortality and amortization tables follow up with mind boggling information.
It is the lament of many old time life insurance agents that the industry seems to have moved in the direction of wanting to portray life insurance as an investment tool rather than as a tool to express one’s commitment to help maintain financial dignity for the recipient of death proceeds. Hardly ever do you find an emotional explanation for carrying life insurance. With this objective I share some thoughts.
Why Does a Man Buy Life Insurance?
Just because on a morning during the days of his youth, he overheard just enough of a discussion between his mother and father to gather they had borrowed money to pay his tuition at the university–and he determined forthwith that they would be repaid.
Because one soft summer evening the most wonderful girl in the world shyly promised herself to him alone so long as they both should live–and he vowed to himself no matter what might come, she would never regret placing her future in his hands.
Because one bright morning a building contractor handed him several shiny keys and pronounced the exciting words, “She’s finished and all yours,” and he swore no quirk of fate would ever drive his bride from this, her home.
Because in the pre-dawn hush of a wintry day, the first thin wail of a newborn babe calmed his nervous pacing with the realization that he and this wonderful girl had created a new life–and he pledged right then and there no child of theirs would lack all the training and all the preparation the world of tomorrow will surely demand.
Because one never-to-be-forgotten midnight his next door neighbor died and he spent endless hours until morning trying to comfort and reassure a widow wholly incapable of comprehending or coping with the economic facts of life–and he resolved that, should he be the first to go in his household, his widow would be free from money worries and the necessity for money management, as humanly possible to arrange.
Because on his 40th birthday when he and two other men pooled their resources and established their own business, he insisted that prudent arrangements be made for the protection both of the three families involved and of the business, in the event of one of the partner’s death.
Because as he grew older he realized more and more that the day would come when he would have to step aside for a younger man–and he promised himself when that fateful day arrived he would be prepared to retire with dignity.
I Am a Life Insurance Policy
In legal language I am a contractual agreement;
in simple words, I am a rich promise.
I am comprised of paper and ink and type,
but I am written in sacrifice and love and work.
I am the product of mens’ visions and goals:
of shiny pants and warmed-up meals.
I am kept alive out of goodness and out of fear:
Because of and in spite of hard times:
Instead of and in addition to the simple luxuries of life.
Old men clutch me tightly and pray:
younger men lean heavily on me and dream.
Reluctantly men buy me,
generously–later–they thank me.
I am the lingering shadow of a father
looking after his brood of loved ones.
I promise to care for if and when–
I never whimper or apologize or renege or compromise–
and never have I failed in my promise.
I am a priceless asset and all must pay for me.
Fathers buy me outright or their families later pay for me with labor.
I don’t splash or shout or wave or make noise,
but I am there–steady, dependable, trustworthy.
Without ceremony, I take my place with other papers,
at first well down in the drawer, but sooner or later, inevitably,
I reach the top where I become the watcher, the keeper,
the beacon guiding the family ship through the reefs
after the family Skipper has left to barter with the unknown.
After all the charts and graphs are reviewed and after all the facts and figures showing rates of return, it is the heart tugs which keep the marvel of life insurance as the beacon on the hill. Praise the man who sees his mortality and blessed is the family who rest secure in his integrity.