Insurance is better to have and not need, then need and not have.
The quintessential problem that most people have about insurance is that it is too abstract a concept. It almost seems as if you are paying money to bet that something bad will happen to you.
However, let’s face the reality of life: the world is a tough place. Here are some actual deaths from things you wouldn’t expect in just the past year:
- Constipation — 2,167 deaths
- Contact with agricultural machinery – 4,183 deaths
- Accidental suffocation in bed – 10,206 deaths
- Fall from tree – 1,413 deaths
Silly causes aside, death is a very real truth that all of us would have to face eventually. Having lost both my parents in recent years—one from lung cancer and the other from hepatitis—yours truly is too familiar with the harshness of life, and thus a true believer in the gift that insurance actually is. Let’s take a look at the real causes of death throughout the world: