Have you ever wondered what famous people say about insurance? From practical advice to humorous insights, many well-known figures have shared their thoughts on the value and role of insurance. These Famous quotes about insurance help us see insurance as more than just a policy—it’s a tool for security, peace of mind, and planning for the unexpected. Curious about their take on it?
Little about Life Insurance:
Do you want to purchase a life insurance policy that would help to secure the future of your family members? Maybe your spouse, your parents, or even your child has been pressuring you to buy the only security that life insurance can offer. Well, you may have heard about it, or even thought of it, but the question that this must raise is; why is life insurance such a big deal? In case you are wondering about the questions such as Why do I need life insurance? Then you should try to imagine those who depend on you. If you got knocked off your horse tomorrow where would your spouse be financially, and where would your children be financially? Could they manage to survive?
However, there are some myths related to life insurance and it can be those myths that never allow you to make the purchase. Maybe you have been advised that coverage is expensive or assume that your employer provides you with all the insurance you need or your age is too rich to get a good policy.
Why insurance matters in life?
As stated by legal critics, life insurance is ‘insurance that pays out a sum of money either on the death of the insured person or after a set period.’ However, that definition is quite generic and does not reveal the actual advantages of this type of insurance. In the end, coverage is so much more than simply a monetary payout when someone dies. It is all about making sure that the family is economically stable even in your absence to be providing that stability. On the tax forms you completed, how many dependents did you claim?
All of those dependents are there because they depend on your source of income. Your dependents, wife, and children in most cases will struggle financially due to the unavailability of your income. However, you still need to think over other aspects that relate to the place where your contribution is seen beyond your wage. For instance, can your spouse be in a position to manage the extra cost of looking for a babysitter in case you are not around to monitor your children? These are the issues you should reflect on when you are making your life insurance purchases. After all, life insurance is not about you; it is for your loved ones. Let me bring into perspective the financial gaps that would result after your demise with the coverage required to fill those gaps.
Life cover is important if you are:
- just married
- a young couple just starting out
- new parents raising a young family
- a mature family starting to think about the future
- a retiree who may survive their partner and need financial support
Some reasons for taking out life cover:
- getting married
- buying a house
- starting a new job
- applying for a mortgage or loan
- the birth of a child
What Famous People Say About Insurance?
Insurance may not be the most exciting topic, but some of the world’s wise personalities have brought light to it in a special manner. Experts such as Tesla and SpaceX founder Elon Musk, founding father Benjamin Franklin, and financial expert Suze Orman have provided their opinions on insurance in terms of its function in managing risk and the future.
- Elon Musk is known for his strategic, forward-thinking approach, even when it comes to insurance. He advises, “If somehow you find your insurance too expensive, change your provider while you still can.” His point underscores the importance of reviewing policies periodically to ensure they provide value.
- Benjamin Franklin, often credited with founding the concept of modern insurance, once said, “A life insurance policy is the cheapest and safest mode of making a certain provision for one family.” Franklin believed life insurance offered practical financial protection, especially for those with dependents, helping secure their future stability in uncertain times.
- Suze Orman, a financial expert, stresses that if anyone depends on your income, life insurance is essential. She says, “If anyone is financially dependent on your income, you need a life insurance policy.” Her advice points out the value of life insurance as a responsible tool for safeguarding loved ones.
Why insurance can be complicated?
Insurance can feel complex, but why? First, insurance has unique words such as “deductible” and “rider,” which one might not understand easily. Second, it is only natural that there are numerous options, and each policy offers a different set of options which can confuse a buyer. It is also important to understand that costs differ: depending on some factors (for instance, age or geographical location), premiums can turn out to be higher. However, the claims process takes time and requires lots of paperwork and this is a stress factor. Using questions, reading thoroughly, and talking to the agent can clear things up and leave you feeling more comfortable with the choice.
Famous quotes about insurance
“Don’t sell life insurance. Sell what life insurance can do.”
Ben Feldman
“Life Insurance is the only tool that takes pennies and guarantees dollars.”
Ben Feldman
“A policy of life insurance is the cheapest and safest mode of making a certain provision for one’s family.”
Benjamin Franklin
“If a child, a spouse, a life partner, or a parent depends on you and your income, you need life insurance.”
Suze Orman
Motivation And Insurance Agent Sales Quotes By Insurance
“Sales are contingent upon the attitude of the salesman, not the attitude of the prospect”
William Clement Stone
“Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.”
Albert Schweitzer
“Pretend that every single person you meet has a sign around his or her neck that says, ‘Make me feel important.’ Not only will you succeed in sales, you will succeed in life.”
Mary Kay Ash
Motivational quotes for insurance agents
“Success is not final, failure is not fatal: It is the courage to continue those counts”
Winston Churchill
“In the middle of difficulty lies opportunity”
Albert Einstein
“Don’t watch the clock; do what it does. Keep going”
Sam Levenson
“The only person you are destined to become is the person you decide to be.”
Ralph Waldo Emerson
“Find something you love to do so much, you can’t wait for the sun to rise to do it all over again”
Chris Gardner (The Pursuit of Happyness)
Conclusion
Famous quotes about insurance tell us why it is important to plan for the future. Benjamin Franklin’s practical view on how to protect family or Elon Musk’s advice on how to choose the right provider is insights that explain one thing – it’s always better to be prepared. How relatable is it to be reminded that even the big people in society agree that a backup option is not at all a bad idea?
FAQ’s about Famous quotes about insurance
“The best time to get life insurance is yesterday. The next best time is today.”
A quick quote provides an instant estimated price for an insurance policy based on basic information.
The five main lines are Life, Health, Auto, Homeowners, and Commercial Insurance.
Yes, most insurance companies provide free quotes to help you compare options.
