Will America Design Life Insurance?
America is responsible for many developments. Though, life insurance is simply not one of them.
The truth is, it is believed that the Romans might have developed the concept of life insurance (and sharing and spreading risk), and that the original purpose would be to cover the costs of burial. Romans may have invented life insurance to assist households, specifically people who were not wealthy, and afford to bury their loved ones when they died. They even formed “Fratres” (similar to the word “fraternity”), which were clubs that paid for the funeral and burial of the club’s members. As with most clubs, the members paid “dues,” including both currency and wine (which the club members drank at their meetings).
Right now, many people still acquire life coverage for this purpose: to pay for their hospital and burial or cremation once they die and alleviate their household of this burden. Furthermore, the benefit from their life insurance policy could be used to cover the expenses of their end-of-life medical treatment and hospitalization or hospice care. A funeral service and burial or cremation may easily cost $10,000 or even more. And the expense of medical treatment and hospitalization or hospice care may be astronomical, easily into the hundreds of thousands of dollars. You definitely don’t want your family members to handle this staggering expense, especially when they are at such a hard time and at their most vulnerable, grieving the loss of their loved one and primary provider (of financial and/or emotional support).
Being the concept of life insurance developed over the centuries, insurance providers developed to provide this valued service. On the other hand, several went out of business. And going out of business is the last thing you want to happen to your insurance company. Once you purchase a “whole life” policy, which can last for your entire life, or a 30-year “term life” protection plan, which will last for a term of 30 years-or some other form of life insurance-you are having faith in that the firm will still be in business at the end of your whole life or at the end of your term.
So how do you choose a life insurance plan that suits your needs, fits your budget, and is supplied by a business that may be stable, secure, and here to stay for a long time? The trick is to comparison-shop. Duh, right? We all know that the only way to ensure that you obtain the best quality at the best price is to do comparison-shopping. But until recently, comparison-shopping for life insurance policies was a time-consuming hassle. It designed you needed to go from one insurance corporation to another, one agent (or broker) to another, completing one form after another.
But just recently, all that has changed. These days, a development in software technology enables people to comparison-shop for policies across the whole entire insurance industry, all in one place and all in just seconds. New insurance quoting software may collect quotes from many distinct firms, and these are the best companies in the industry.
Just make sure you use a totally free and unbiased quoting service such as LifeInsurance-Policy.com. We Americans may not have designed life insurance, but most of us recognize how important it is. So don’t delay. Secure your quotes right now.
The truth is, it is believed that the Romans might have developed the concept of life insurance (and sharing and spreading risk), and that the original purpose would be to cover the costs of burial. Romans may have invented life insurance to assist households, specifically people who were not wealthy, and afford to bury their loved ones when they died. They even formed “Fratres” (similar to the word “fraternity”), which were clubs that paid for the funeral and burial of the club’s members. As with most clubs, the members paid “dues,” including both currency and wine (which the club members drank at their meetings).
Right now, many people still acquire life coverage for this purpose: to pay for their hospital and burial or cremation once they die and alleviate their household of this burden. Furthermore, the benefit from their life insurance policy could be used to cover the expenses of their end-of-life medical treatment and hospitalization or hospice care. A funeral service and burial or cremation may easily cost $10,000 or even more. And the expense of medical treatment and hospitalization or hospice care may be astronomical, easily into the hundreds of thousands of dollars. You definitely don’t want your family members to handle this staggering expense, especially when they are at such a hard time and at their most vulnerable, grieving the loss of their loved one and primary provider (of financial and/or emotional support).
Being the concept of life insurance developed over the centuries, insurance providers developed to provide this valued service. On the other hand, several went out of business. And going out of business is the last thing you want to happen to your insurance company. Once you purchase a “whole life” policy, which can last for your entire life, or a 30-year “term life” protection plan, which will last for a term of 30 years-or some other form of life insurance-you are having faith in that the firm will still be in business at the end of your whole life or at the end of your term.
So how do you choose a life insurance plan that suits your needs, fits your budget, and is supplied by a business that may be stable, secure, and here to stay for a long time? The trick is to comparison-shop. Duh, right? We all know that the only way to ensure that you obtain the best quality at the best price is to do comparison-shopping. But until recently, comparison-shopping for life insurance policies was a time-consuming hassle. It designed you needed to go from one insurance corporation to another, one agent (or broker) to another, completing one form after another.
But just recently, all that has changed. These days, a development in software technology enables people to comparison-shop for policies across the whole entire insurance industry, all in one place and all in just seconds. New insurance quoting software may collect quotes from many distinct firms, and these are the best companies in the industry.
Just make sure you use a totally free and unbiased quoting service such as LifeInsurance-Policy.com. We Americans may not have designed life insurance, but most of us recognize how important it is. So don’t delay. Secure your quotes right now.