How to get moderate cost life insurance

As it is now a generally accepted norm that life insurance is rather a rule than an exception for any right thinking person who would want peace and succor for his her dependents after he or she must have passed away to the other side of the great terrestrial divide, the engaging thought now is how is it possible for one to get the right, suitable policy at a moderate cost. After all, what is the purpose of one’s whole working life when the loved ones are victims of intolerable financial difficulties and nothing to show for it. The way out, therefore, is saving for the rainy day and here comes the issue of moderate cost life insurance.

The rainy day, according to the terms of this piece is when one’s limbs and veins will be at the lowest ebb of physical ability and performance thereby falling on one’s accumulation of financial resources during one’s whole working life. A vivid example here is the insect ants that normally work and build their unique food stores when the weather is conducive and stay indoor in their anthills to enjoy that accumulation when the weather is cold and inclement. The wisdom in this process in this lower animal kingdom cannot be farfetched for human beings too so we all just must save for the rainy day.

The starting point for a moderate cost of life insurance is at the moment one sees the need for a life more abundant both for one him or herself and the one’s loved ones including children and relatives either at one’s old age and finally when one quits the final scene of life and here comes a point of contact with an insurance company or the agents that abound in nearly every nook and crannies of the urban areas in any country under the sun.


When the right insurance companies or agents are contacted, one will be apprised of different products and terms to suit one’s pocket. Since life insurance is, no doubt, a vehicle for capital formation to meet both ends at a particular point of life, the need to choose the very good options of moderate cost life insurance cannot be overemphasized at any stage of life. This could be in form of a protection for your family, business opportunities or additional retirement income or set off mortgage at a particular time. Life insurance is, no doubt, just like an umbrella with which one covers one’s head and body whenever the rain falls or when the shine is shine is very hot beyond the body temperature.

Going by the moderate cost, the most popular and easy one is the generally known term insurance, with this option, you are only accessible to mere protection and there can be no cash surrender value and therefore and no capital accruable before the death of the insured. While it is true that there are many ways to create capital to suit one’s personal purpose namely through regular savings, investment in mutual funds or normal business endeavors, moderate cost life insurance can only induce a capital after the demise of the insured and so the earlier one starts to think about getting a moderate cost life insurance at one’s prime age the better so that when the ultimate end comes one’s dependents will be better for it.

The author is the Executive Director of Pan-African Reconciliation Centre and also a leader in the third sector of the global economy. His passion for a life turning point for the grassroots populace led him to the business world.
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