The Hidden Agenda of Life Insurance Policies: The Shorter Your Lifespan, the Higher Your Premium.
Insurance policies can be allergic at the surface, but the call to fairness is the bone of contention here.
For obvious reasons, some people are allergic to life insurance policies. Please don’t blame them. We have all heard horrifying stories about husbands, wives, boyfriends, and girlfriends plotting to kill each other; this shortens life and sends the affected individual to “the other side” prematurely.
However, the other part of the coin encompasses the bright side. The lucky ones can reap life insurance rewards (I call them those who have a coherent, functional family) — a family with ethics and a moral compass.
The Price You Pay for Being Aged.
Does that make sense? Does aging not imply a shorter lifespan? Therefore, our premium should be proportional to the short time we have to live. In other words, why do these life insurance companies penalize us because of our age?
Interestingly, I discovered another feature of the life insurance programs that I doubt if they (the insurance companies) are even aware of.
And that aspect has to do with how they use metrics to quantify and classify our lives according to our ages, on which they base their charges.
In other words, for us who are already in that age bracket, you will find that you’re charged and priced according to your age.
The Human Condition as It Relates to Age.
Such an attitude speaks volumes about us humans. It is unfair that people are punished for things beyond their control, such as their age, which sometimes is linked to their health issues.
By doing so, these life insurance companies are sending us a strong message beyond what they planned for.
From their point of view, they make us see why we should pay more.
I see it otherwise. And the message is clear, “ladies, gentlemen, you have to pay more because you have a shorter time on earth! That’s the message from my perspective.
You will see this clearly when comparing the charges/prices on the insurance policy schedule they advertise — all are based on age.
Believe me, that’s the message, and this is very clear. However, I feel it is unfair to charge us more being that our time on earth is shorter.
If anything, I think the charge and price should be equated or calculated proportionally if justice is to be served.
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