Do you love or dislike it?
Chances are that most of you will express the latter.
Come on, don’t be shy.
Even my buddy Clearly has stated his hatred for insurance.
Not for me.
I love insurance.
And it is love at first sight.
I did not seek employment immediately after graduation.
There were more pertinent things than a job.
It was the World Cup season.
A friend of mine asked me to accompany him to a Management Trainee at an insurance company.
Since it does not interfere with my soccer-watching schedule, I agreed.
That first date with the insurance firm went well.
I got my maiden job.
Over the next few months, I learned a lot about both life and general insurance.
While my fellow batch-mates complained about the boredom of the topics, I secretly enjoyed the classes.
I was fascinated by the whole financial assurance concept.
That was more than10 years ago.
And I am still loving it !
A promise to do good
When one think of the word ‘contract’, the images that immediately pop up in your mind are probably unsavory.
Two greasy old businessmen trying to get the best terms for themselves?
When you pay your premium and sign the insurance contract, the insurance company promises to compensate you or your beneficiary when an agreed event occurs.
The event may be death, critical illness, disability, etc.
It gives you the assurance that the recipient gets all your intended love.
Insurance provides financial support when you are no longer available for your loved ones.
It promises to pay for your medical bills so that you can have a second lease of life.
Insurance will always help you and at no time, destroy you.
To me, it is pure goodness.
It is impossible for me to dislike that.
Affordable protection for your family
My parents do not have an easy time bringing me up.
We may not exactly poor but definitely less than average.
Thus, I just want to make sure that my parents are provided for if I am not around.
A fresh graduate cannot save enough quickly during the early stages of his career to ensure that.
I was fortunate enough to find myself in this line as I quickly found the solution.
A cheap term insurance assuaged my worries tremendously.
Without insurance, it is not possible to provide this protection to my parents.
You may think it is ridiculous for a 20+ year old to fuss over his mortality.
It is statistically improbable.
Low crime does not mean no crime.
When the improbable unfortunate event does occur, I do not want my aged parents to collect cardboards for either livelihood or exercise.
A half-a-million term insurance for 23-year-old costs only $512.
If you save $1000 monthly, it will take you 42 years to have $500,000.
That is the power of insurance.
It gives you the ability to make the unaffordable affordable.
All round defense of insurance
Besides the usual life insurance, general insurance can also be part of your defense forces against the evil forces of nature.
Fire and home insurance protect your house.
Vehicle policies compensate for your car repairs when you are involved in an accident.
Even if you have to go abroad for work or leisure, you can have a peace of mind with a simple purchase of a travel insurance.
Basically, insurance is a risk transfer tool.
Instead of shouldering all these financial risks, you may lessen your burden with insurance.
For a risk-averse person like me, it is a perfect tool to deal with life’s worst disasters.
Future planning made possible.
Do you save money for your future goals?
If you do, you got to protect your savings.
You may want to save for your dream wedding.
Or a home of your own.
Even robbing a bank nowadays does not give you enough for COE.
You have to set aside enough to make your future ambitions possible.
Along the way, you may find yourself in situations that will drain away your savings.
Sickness, accidents, damaged property may cause you to expend a large percentage of your hard-earned money.
Thankfully, for some of the life’s undesirable events, you can buy insurance for it.
Having sufficient coverage will allow you to plan for your future with more confidence, knowing that you can weather through life’s toughest situations.
Like any relationship, the love is tested by the daily grind.
Sometimes it is disappointing to discover that policies were being mis-sold.
Hearing about the losses are just heart-breaking.
You do not just give up on your love just because things get a little tough.
Take the good with the bad.
It is meaningful work after all.
It is a cliché to say this but insurance does empower us to help others.
Assisting them to fix up their home is great.
Lending a helping hand to continue their way of lives is wonderful.
At the end of the day, I am glad that I chose insurance and never left.
Are you feeling the same about your work?
Share it with us too!
www.ClearlySurely.com aims to eradicate the knowledge gap between consumers and Life Insurance. Our Vision is that one day, every Man, Woman, and Child will be properly insured.