Best Arguments for Getting Coverage – Not What You Expect
Just as people would likely have their reasons, whether genuine or mistaken, for not getting coverage, there also exist countless reliable arguments why you should get life coverage.
Here are some of the best arguments why you need life cover.
Life Insurance: Best Way To Prove Your Faith In The Future
Contrary to common perception, getting life coverage is not an indicator that you expect bad things to happen. Rather, it actually shows that you have confidence in the future; therefore, you’re willing to invest in it.
Only a rational thinking person is wise enough to understand that the likelihood of unexpected occurrences is quite high. Indeed, the Australian Institute of Health and Welfare indicates that in 2009 Australian males had a 50% chance of getting a cancer diagnosis before reaching 85 years of age, while females had a one in three chance of receiving the same diagnosis. In light of such circumstances, such a person is not fearful of the future. Instead, by buying coverage, he/ she is doing what any reasonable person would do when faced with impending crisis: developing a disaster management plan.
Guaranteed Payment From The Start
Anyone who has been in business or possesses any form of investment knows just how much patience it takes to ever get any real benefits from the resources put into such investments. Unless by an out-of-the-ordinary chance, you can hardly get back your investment with a profit, just as soon as you put your money into it. Life coverage is clearly different from this.
Once you purchase coverage, you are assured of guaranteed payment when you lodge a legitimate claim. This gives you a much greater sense of security than you would have with any form of investment.
The Direct Opposite Of A Business Investment
Another interesting aspect is that you face the risk of losing investments in the unfortunate circumstance that you become incapacitated, hence unable run your business competently. This is the direct opposite of what happens when you have life insurance best with a total and permanent disability cover rider. In such an instance, you actually benefit at the time when you are physically incapacitated instead of losing out, which happens with business investments.
Therefore, if you thought that your business venture and investments could simply replace your need for life insurance coverage, you surely need to re-evaluate such mistaken assumptions.
A Never-changing Assurance Of Financial Security
We’ve all heard of businesses closing shop due to downturns in the market or savings being depleted due to emergency needs. Such incidences reveal just how volatile and unpredictable business investments can be and how prone savings are to being depleted. This is clearly different from life coverage, which offers a guaranteed benefit payment that never changes regardless of the changing market dynamics.
The only time life cover benefit payments can be accessed is when a policy holder passes on or is terminally ill. Meaning that the money cannot be used recklessly, as it is with easily-accessible savings. This provides greater assurance for the financial security of your dependents. Visit us for more information about life insurance cover.