What is Life Insurance

What is Life Insurance? : 

What is Life Insurance?

What is Life Insurance? : 

Life Insurance is a means of providing security for one's dependents and one's self. When a person's application for life insurance is accepted by the life insurance company, he pays the premium and receives a policy. That policy is a contract whereby the insurance company promises to pay one's beneficiaries or the insured himself or herself, according to the agreement and/or conditions as stated in the policy, a sum of money either upon the occurrence of some specified event or at some definite date in the future. In the beginning, life insurance was thought of- only as money for the dependents at the death of the insured. This, of course, is still its main purpose. However, there are various other uses for it today that makes the service of life insurance is much broader. Life insurance is bought not so much because people die but, rather, because incomes die. Income may stop because people may die too soon, or, on the other hand, may live too long past the time they are able to work. Life insurance affords protection in either event. It can be used as a reserve against emergencies arising in life, as well as emergencies resulting form death. Men and women now buy life insurance not only because they expect to die, but because they expect someone to live, themselves included. Research & Review Service of America What is Life Insurance?

What is Life Insurance? : 

What is Life Insurance? It’s a substitute for the money you still don’t have but are trying to accumulate. It provides you sufficient time to complete your plan In the event you run out of it.

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is the “hostage” which a man gives to a selfish world for the security of himself and his family. is the “bond” a man gives that when he dies, he will not be a defaulter. is the “supplement” a wise man adds to his marriage vow- it goes further than "until death do us part." 4

Friends Are Like Life Insurance : 

Friends Are Like Life Insurance They build up valuable reserves for you. They pay off when you least expect them to. They help you when you need them most. Their cost is low. They're renewable and sometimes have the loan privilege. They're for the whole of life. Some are substandard. The longer you keep them, the more value they have. You generally get back more than you put into them. They give you a steady income of smiles. They're endowed with patience and understanding. They make wonderful beneficiaries for your family. Friendships end when you cash in on them. - Author Unknown 5

When a Breadwinner Dies, a Family Suffers 3 Deaths: : 

When a Breadwinner Dies, a Family Suffers 3 Deaths: The wife loses her “husband” The children lose their “father” The entire family loses his “income”… the income he would have earned if just lived. Life Insurance cannot replace the father nor the husband but it certainly can replace his income to make tomorrow, the kind tomorrow he intended it to be for them. 6

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“To be “under-insured”is the greatest gambleany breadwinner can make,and it is particularly a tragic onebecause if the breadwinner loses,his or her family ultimately pays for it.” 7

Don't Make Them Pay for No or Inadequate Life Insurance : 

It is a funny thing about life insurance. It has to be paid for, whether or not... it is bought. If you buy the life insurance your family needs, then you pay for it out of current income. You spend less here and a little less there. You do a little better job of budgeting, of watching out for unnecessary expenditure. But, if you don't pay for the life insurance out of the money in your pocket today, then your family may have to pay for it someday. You say: “But how will they pay for it?" The answer is that “they have to pay for it- out of the things they do without- the opportunities they do not enjoy; the school they are unable to attend; the home from which they are forced to leave; the sense of security they do not possess; a mother's attention which is not theirs because she must work to live and so that they may live.” Ask yourself this question: “Who pays the biggest price for life insurance, I or my children?” Then, act in accordance with your answer. Don't Make Them Pay for No or Inadequate Life Insurance

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“…a familyis as unprepared to liveas the breadwinner who isunprepared to die.” 9

Do Wives Like Life Insurance? : 

Do Wives Like Life Insurance? 10

Mistaken Kindness : 

Mistaken Kindness To provide so well today but leave no provisions for tomorrow!

Certainty of Future Income : 

Certainty of Future Income 12

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THE DESIRE TO BE A BEING WORTH REMEMBERING One of the things that stands out in the minds of family heads and in the hearts of those who truly loves is the desire to be a being worth remembering. “One thing is absolutely certain. We will be remembered.Will it be for what we did or for what we failed to do?”

SynergiaBusiness Presentations : 

SynergiaBusiness Presentations Joaquin “Duke” G. Wilwayco8301 Ephraim Road, Austin, TX 78717Phone: (512) 799-2999 Fax: (512) 671-6377Email: dgwilwayco@aol.com

When a Breadwinner Dies, a Family Suffers 3 Deaths: : 

When a Breadwinner Dies, a Family Suffers 3 Deaths: The wife loses her “husband” The children loses their “father” The entire family loses his “income” … the income he would have earned if just lived. Life Insurance cannot replace the father nor the husband but it can certainly replace his income to make tomorrow, the kind tomorrow he intended it to be.

Slide 16: 

It is a funny thing about life insurance. It has to be paid for, whether or not... it is bought. If you buy the life insurance your family needs, then you pay for it out of current income. You spend less here and a little less there. You do a little better job of budgeting, of watching out for unnecessary expenditure. But, if you don't pay for the life insurance out of the money in your pocket today, then your family may have to pay for it someday. You say: “But how will they pay for it?" The answer is that “they have to pay for it- out of the things they do without- the opportunities they do not enjoy; the school they are unable to attend; the home from which they are forced to leave; the sense of security they do not possess; a mother's attention which is not theirs because she must work to live and so that they may live.” Ask yourself this question: “Who pays the biggest price for life insurance, I or my children?” Then, act in accordance with your answer.