Instant Life Insurance Quote

Affordable Life Insurance: Why it makes so much sense


Hello. This is Liran Hirschkorn, from People often ask me,
‘How do life insurance companies make money? You take in the small premiums
every month, and you have to pay out big death benefits, so how does a life
insurance company make money?

In the big picture, life insurance companies make money because they take
in more money than they pay out. How does that happen? One of the things
that a lot of people do not know is that many people let their life
insurance policies lapse. What does that mean? You get an insurance policy,
you pay for it for 2, 3, 4, or 5 years, and then you say, ‘This is too
expensive. I am going to stop paying for it,’ because you have not seen any
tangible benefits, something that you can feel and touch over those years,
and maybe some bills are mounting up, and you cut your life insurance. The
insurance company is very happy because they took your money for 5 years
and now they do not have to pay out. One of the big ways life insurance
companies make money is because people let their policies lapse.

My advice to you is if you are shopping for life insurance and you are
looking to get a policy, make sure you get something that is affordable to
you; that the first minute when there is economic trouble in your family,
you do not let that policy lapse. If you lose your job or things get
difficult, make sure you have a premium that you can live with, because
losing your coverage and then something happening is something, you really
do not want to happen to you and your family, and it is important to,
obviously, have life insurance in place. When you get a policy, do not be
one of those people that lets their insurance lapse. Get something that is
affordable to you, that you can live with, and even if times get tough, you
will able to keep.

Liran Hirschkorn, with just a tip for you so that you can
have a policy for your family and cover you in the event that something
that happens. At, we work with you to make sure we find a
policy that is affordable to you at the best possible prices with the most
highly rated insurance companies out there. Thank you.

Author: Liran Hirschkorn

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Liran Hirschkorn

Liran Hirschkorn is the founder of His mission is to help individuals across the country in finding the best rates on life insurance as well as helping individuals with high risk life insurance.

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