It’s a fact that most life insurance companies hardly ever pay out on a death claim. Why is that? To find out the answer, read on.
It’s perfectly legal for life insurance companies to take years or even decades of premiums from their customers and NEVER pay on a death claim.
Life insurance companies are PRAYING that you don’t learn about the little-known secret. They literally cannot afford for their customers to discover it.
First, here are 3 pieces of background information you need to know:
Fact #1: When it comes to life insurance, there’s ALWAYS a loser. It’s either the customer or the insurance company.
Fact #2: If the insurer pays the death benefit, it’s virtually impossible for them to make a profit from your policy.
Fact #3: A shockingly high percentage of policies NEVER HAVE TO PAY the death benefit.
There is a surefire way to know that, when the time comes, your insurance company WILL pay up, even though the odds seem to be stacked against you.
The Secret of Winning the Game of Life Insurance Is Very Simple.
The secret to winning the game is simple. It can be summarized in six words: DIE WITH YOUR POLICY IN FORCE.
Sounds easy, right? So why do so many people lose the game?
They lose because their policies lapse before they die.
Again, MOST policies NEVER PAY the death benefit – not because of negligence on the part of the insurance company, but because of voluntary or inadvertent lapses caused by the policyholder.
This can happen for a myriad of reasons. Sometimes it’s because they no longer want the policy. Maybe they get divorced, so they intentionally dropped the policy. Sometimes it’s because they run across some tough times, lose their job.
The bottom line is that the insurance company doesn’t care why they lapsed. They’ve collected premiums for years, and never end up having to pay a claim. In other words, they WON and you LOST.
The profits the insurance companies make on all these lapsed and expired policies SUBSIDIZE the ridiculously high rates of return for the people smart enough to keep their policies in force until they die.
In effect, the losers pay the winners, and the “house” (the insurance company) takes a small cut. Almost like a casino.
Here’s the bottom line: TO WIN THE GAME OF LIFE INSURANCE, you have to own a policy that you’ll be able to KEEP until you die. For most of us, that means a policy with an affordable, predictable, and level premium for life.
The Reasons I’m Speaking Out
So why would I share the secret with you, even if you don’t buy your life insurance from me?
Firstly, I’ve been in the life insurance industry for three decades. I’ve delivered benefit checks to teary-eyed widows. I’ve seen mortgages and college tuition paid for. And I’ve seen financial devastation piled on top of an already grieving family. I hate to see families pay premiums for years and NEVER get anything back because they allowed the policy to lapse.
At AccuQuote, life insurance is what we do. We live, eat, breath, and sleep life insurance. I’ve been on the radio and on TV for over two decades talking about how amazing and important life insurance is, and I’m regularly called upon by the media, including the Wall Street Journal, USA Today, CNBC, The New York Times, and Kiplinger’s magazine, to comment on insurance industry issues. I’m passionate about helping every single person I can to understand all this!
If you are going to own life insurance, you’re either going to WIN the game, or you’re going to LOSE it. We WANT our customers to WIN. Call us toll-free at 800-442-9899. We’ll tell you how to win, and give you simple ways to make that happen.
You can also get a free quote on a life insurance policy with an affordable, predictable premium that will never increase from insurance companies you know and trust, click the red Get Started button at the bottom of the page.