Insurance and Us

Thebaleshimi

Insurance is considered in my opinion to be a primary document of a person's existence;compared closely to birth certificate or marriage certificate. It basically involves oneself to be committed in an area unforseeable by anyone. The Future.

The Future is all but predictable. A King can turn pauper in a day. No one is able to even anticipate how the world changes with respect to the practical implications it has on an individual. Economist and financial analyst can only study the patterns of economical change from hisorical evidence. They can perhaps be able to predict vaguely the trends that could be seen in the time period ahead.

Unfortunately, their jurisdiction to ensure that individuals or governments are prepared and prevent downturns are only in the academic sense of releasing analytical papers that merely suggest what is expected of the economical situation. These give us an idea of what to expect but does not tell us what could be done to circumvent such inevitable,catastrophic economical situations.

Insurance is the key in my opinion with regards to how an individual can circumvent such situations as deem detrimental to one's financial well being. It does not only give an advantage over the insurer but in many instances to the family members who are overburdened when the insurer dies or bed-ridden. Death or disability is unavoidable. We must begin to accept that life is not all a bed of roses in a protected garden of eden.

It is absolutely imperative that we are well insured especially at times like this where we have no foresight on the future of the world economy.

Predictions and Analysis are quintessential and so are Preventive Measures