There are things in life that we have no control over. Death is one. But unless one is planning a suicide, the where, what and how of our life's end are things we simply have no prior of or power over.
The same is true for accidents and illness we don't know when they will hit us of these three risk, however, death is more devastating as its effect on our family's future is permanent.
Does this mean therefore that we are completely powerless to deal with this eventuality? Not really. Granted we have no idea when death will befall us, there is something we can do to soften it's blow.
We can plan. We can make sure that, if and when death happens, we are ready. This in essence is what life insurance is all about. It's our positive response to negative risk.
For this response to be effective, however,we must be sure it is the right one. Simply put, our life insurance policy can only guarantee our beneficiary's future as far as we allow it to.
We need to make sure therefore that we purchase one that is well suited to our needs. More importantly, we need to understand the provisions of our policy.
The same is true for accidents and illness we don't know when they will hit us of these three risk, however, death is more devastating as its effect on our family's future is permanent.
Does this mean therefore that we are completely powerless to deal with this eventuality? Not really. Granted we have no idea when death will befall us, there is something we can do to soften it's blow.
We can plan. We can make sure that, if and when death happens, we are ready. This in essence is what life insurance is all about. It's our positive response to negative risk.
For this response to be effective, however,we must be sure it is the right one. Simply put, our life insurance policy can only guarantee our beneficiary's future as far as we allow it to.
We need to make sure therefore that we purchase one that is well suited to our needs. More importantly, we need to understand the provisions of our policy.