Published: Thursday, Feb. 7 2013 10:00 a.m. MST
Is this a newspaper article or a commercial?And you might check on the
ethics involved in selling life insurance because the Brethren think it's a
There is nothing inherently wrong with this, so long as that if/when the
unfortunate happens and a spouse dies, the remaining family members don't
consider themsleves victims and falsely believe other people have the
responsibilty to now provide for them.This country will never reach
our potential until everyone stops looking to uncle barack to make other people
pay their bills.
@Chris BIsn't that what life insurance is for? At least
that's why my wife and I each have policies - so we don't become a
burden to anyone else.
Buying life insurance is a must for families with children. I too was once a
married college student; however, incomes do change, and life insurance is a
must for families with children. I work full time, but on my income alone
(teacher) I could never provide enough to make up the difference in my husbands
pay check to make house payments and pay the every day necessities (not boat or
luxury items) our family requires. It is best to be prepared for ANY catastrophe
not just with food storage.
Maybe someone has an answer for me. If someone doesn't have life
insurance, then who pays for the burial? We had to have cash to pay for part of
the burial and insurance covered the rest.
Too bad one of the groups with the highest marriage rates.... fights
so hard against marriage for others.
Go get cheap term life insurance, infact it would be a really good grandparent
gift to a young married couple once they have kids - a 10 year policy is next to
nothing if the insured is in their 20's...
@CHS,Yes, when did I say otherwise? I'm simply saying its
someone choice and its not inherently wrong to not get life insurance, which the
article points out is very common, so long as if/when someone does, the
remaining family members don't start believing it is up to others to take
care of them.Again, not really sure what you're trying to argue
about regarding my first comment?
When has the church explicitly taught its members to get life insurance, as the
insurance salesman says in this article? I've always heard about being
self-sufficient, etc., but never a sales pitch for life insurance.
While I was raising my family, I had good term life insurance. But, now that
I'm retired, our current life insurance is about enough to pay for a
funeral and burial expenses. That is all we need.
In the pamphlet titled One for the Money - Guide to Family Finances (and based
on a talk by Elder Marvin J. Ashton) Item 10 reads:"APPROPRIATELY INVOLVE YOURSELF IN AN INSURANCE PROGRAMIt is most
important to have sufficient medical, automobile, andhomeowner’s
insurance and an adequate life insurance program.Costs associated with
illness, accident, anddeath may be so large that uninsured familiescan be financially burdened for many years."N. Eldon Tanner in
the talk Constancy Amid Change said:"Wise financial counselors
teach that there are four different elements to any good budget. Provision
should be made first for basic operating needs such as food, clothing, etc.;
second, for home equity; third, for emergency needs such as savings, health
insurance, and life insurance; and, fourth, for wise investment and a storage
program for the future."I am not pitching life insurance but a
reasonable amount of life insurance (and a reasonably priced product) can be an
important component of a plan for self-sufficiency.I recommend term
life insurance. You can afford a LOT more coverage than you could with whole
life type products. Forget the investment features. Invest or save using other
Well, they have done it again. Alaska and Hawaii have been forced succeeded
from the Union. ;-)
It's not surprising to hear some of these comments here. Most liberals
don't understand wealth management.They understand social security
Twin Lights,Ashton also recommended going into debt for education,
@AggieloveSo what are you trying to say? Are you implying that
liberals don't have life insurance? I think the article says quite the
opposite. The states with the least amount of people with life insurance are
conservative states. I know I'm a liberal and I have enough
life insurance so that my wife could continue in her current lifestyle if I were
to die and vice versa. I also have enough in my retirement savings and from my
military retirement to live comfortably without relying Social Security. So
what are you trying to say? The states with the highest savings rate per capita
are the conservative havens of Connecticut, New Jersey, Minnesota,
Massachusetts, New Hampshire, Deleware. Utah comes in at 14th. So please tell
me where the liberals don't understand personal wealth management. @Chris BI guess I simply misunderstood your fist comment.
It appeared to me that you were saying that we should all just rely on
"uncle barack." My mistake and sincerest apologies.
southmtnman,Agreed. The relevant quote from One for the Money
is:"With the exception of buying a home, paying for education,
or making other vital investments, avoid debt and the resulting finance charges.
Buy consumer durables and vacations with cash. Avoid installment credit, and be
careful with your use of credit cards. They are principally for convenience and
identification and should not be used carelessly or recklessly. The use of
multiple credit cards significantly adds to the risk of excess debt."It should be noted that student loan balances have markedly increased in
recent years and I doubt that Elder Ashton (or anyone with financial savvy)
would give even student loans carte blanche.The prudent use of debt
to enhance one's career path is also what is behind the Perpetual Education
Nonsense statistic. People get married younger in Utah, and young people
can't afford, and probably don't need, life insurance. Compare the
insurance rates of married people over the age of 35, and I'm sure Utah is
I believe in having life insurance, as well as some insurance for home, cars,
etc. But I don't need a lot because I must have a little faith that my
children will grow up to be self-sufficient, and, if necessary, be able to
support my wife and me. I also have some comfort in that there is a lot of
other support available from extended family, neighbors, church, and government.
Don't mistake my dependence on others as a sense of
entitlement. I actually have a sense of reverse entitlement. I believe
everyone around me is entitled to my help. I believe I have donated above
average amounts of time and money for others who need it throughout my adult
life and, thank God, am still able to do so. I am also willing to accept help
from them, if needed. I just don't want to use for-profit institutions
any more than necessary to gain a sense of security.I am one strand
in our common safety net. Most of the time I lift the net, but sometimes it
lifts me. If we all do what we can to lift God will lift us all.
@twin lights FYI - The PEF is no available to residents of the US or
Canada, only members of the LDS church in select developing areas.
I have an adequate life insurance policy, though I'm considering upping it.
My husband, and our family's breadwinner, on the other hand, has a
pre-existing condition that slams a lot of doors whenever we try to solicit a
policy, even for term insurance. His condition doesn't have any active
effect on his health, but it makes it extremely hard for us to find someone
willing to issue us a policy.I just hope I die first.
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