Recent news of war, accidents, and terrorism constantly remind us of the uncertainty of life and the inevitability of death. We never know when we would kick the bucket. Still, reflectively speaking, it is not really death that we fear. Some people we know even court death. But these are the people who have no families and no real ties with other people. We who have families fear death because we fear what would happen to our families when we are called to another life. In some ways, it is pride – that they need us to support them is a thought that may smack of arrogance and self-importance. But still, there must be love and concern also in the thought. There must be a way by which I could still help them even after death. These apprehensions must be laid to rest. These tensions must be relaxed. Do we really purchase affordable term life insurance and ponder term life insurance quotes for our families’ or our sakes?
This drama fuels the existence of insurance companies. In one way, they assure the continued support of our loved ones even after we die. In another more practically psychological way, they assure us that such support would continue even after our death. And we need not worry that things could be otherwise. That such an assurance should be in the form of a contract should not come as a surprise for us who live in the overly commercialized world of the twenty first century. Emotional security – ours – is a good that comes at a price; financial support – for our families – is money that is in itself a commodity that also comes at a price. That price is the policy contract price called the premium and we pay it either in full at one time or in regular installments as the case may be. The premium and its earnings may be claimed in toto if we survive the term of the insurance policy. Otherwise, it will go to our beneficiaries. This is why it is important that we acquire an affordable term life insurance policy.
Thus, in the event of our untimely death, our families wouldn’t have to shoulder the expenses for our funeral – a rite that could be prohibitively expensive these days – or the purchase of our resting place at the cemetery or, God save them, the burden of having to pay for whatever debts we haven’t managed to pay off before our demise. A life insurance is better thought of therefore as a shield against our shortcomings when we were still alive – such as the failure to establish a stable economic future for the family.
That an insurance policy is an economic good that symbolizes psychological security on our part and financial security on the part of our family means that we have to be astute in moving through the market of insurance possibilities. We have to compare term life insurance quotes as these constitute the schedule of prices at which certain policies are offered in the market. We have to weigh the heavier costs of instant term life insurances against the lower prices of regular term life policies and consider whether the benefits would outweigh its higher premium payments. How much are we willing to pay for our own emotional and psychological ease? How much in future benefits would be enough to lift our spirits to a level of contentment and lower our apprehensions to a level of insignificance? The affordable term life insurance is therefore a function of our own gratification as it is also a function of our family’s future satisfaction. It is a current good, purchasable at today’s prices and whose utility begins not at the moment of death but even at the moment of purchase but which utility would reach optimal point and ultimately realized at the moment of our death when our beneficiaries could now claim the benefits of the policy. Ultimately, we realize that the concept of insurance is brilliantly designed and marketed. It is a created need that is based on emotional and psychological insecurities. It could be said thus, that it ensures for the insured a worry free and happy although an untimely demise.
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