It’s amazing to see who’s offering life insurance these days. Not only has the number of life insurers grown during the past couple of decades but the type of companies offering life policies now encompasses businesses built on other types of insurance as well as quite a few that until recently specialised in completely different fields before choosing to diversify.
It’s probably just another something that we’ll get used to – buying life policies from the same companies that cover our dentist bills and visits to the doctor, or from the people that offer motor car and household insurance, or from the sort of financial institutions we typically associate with money lending and savings accounts, home loans and cheque books. No doubt one day we’ll even be able to buy life insurance at a supermarket, if in fact this isn’t already a reality, given how these days the tills serve as auto-tellers and how one can pay almost any type of bill or buy products and services at the local convenience store that have little or nothing to do with shopping for groceries.
On the other hand, one thinks differently about life cover compared to the way one does about policies designed to come to the rescue in the event of an accident, should we lose something, if our house is burgled, etc. Life policies are very personal, obviously. They’re unique in nature and warrant a lot more thought and consideration before choosing what policy to opt for and with whom. It’s no wonder that when it comes to life insurance there remains a preference for the specialists, for established companies, or, in the case of the new ones, those that are underwritten by or that are members of reputable groups in the business.
Can you ever be too careful when it comes to protecting the financial well-being of your loved ones after you’re gone?!