You may know that British Prime Minister, Winston Churchill led the UK to victory over Germany during the second World War. Because he would never give up the fight, he was nicknamed “The Bulldog” (He looked a bit like one too!).
You may not know the following about Churchill. As he saw the devastation of property, he saw families left without their bread winner, those men and woman who were killed in the conflict and their families that were left to struggle without income:
He wrote this:
“If I had my way, I would write the word “insure” over every door of every cottage and upon the blotting pad of every public man, because I am convinced, that for a sacrifice that is conceivably small, families can be secured against catastrophes which otherwise would smash them forever”.
It becomes obvious if a house burns down. You might pay $1200 a year (a small sacrifice) for your house insurance, for a pay-out of 3 to 500k or more. A family left without a home may not be smashed forever, but certainly a major setback).
But what about your income? Over your working life you will earn in excess of several million dollars, $60,000 a year for 40 years is a total of 2.4 million!, much of which will be to provide for your family. Surely its worth ensuring that if you die prematurely those who are dependant on your income will be provided for. Worth a thought?
Bob
You may not know the following about Churchill. As he saw the devastation of property, he saw families left without their bread winner, those men and woman who were killed in the conflict and their families that were left to struggle without income:
He wrote this:
“If I had my way, I would write the word “insure” over every door of every cottage and upon the blotting pad of every public man, because I am convinced, that for a sacrifice that is conceivably small, families can be secured against catastrophes which otherwise would smash them forever”.
It becomes obvious if a house burns down. You might pay $1200 a year (a small sacrifice) for your house insurance, for a pay-out of 3 to 500k or more. A family left without a home may not be smashed forever, but certainly a major setback).
But what about your income? Over your working life you will earn in excess of several million dollars, $60,000 a year for 40 years is a total of 2.4 million!, much of which will be to provide for your family. Surely its worth ensuring that if you die prematurely those who are dependant on your income will be provided for. Worth a thought?
Bob
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