The Amount of Life Insurance You Own Is a Symbol of Your Status
July 7, 2020 by Jerry Cohen
No, I did not mean to write the title differently.
The amount of life insurance people own can be viewed as a status symbol for those that like to throw big numbers around.
I always thought life insurance was a way someone demonstrated their view of the value they place on themselves to others. Many years ago, I realized that there was a direct connection between the value a person places on their life and the value their life holds to others and the amount of life insurance they own.
I have never really had to work very hard to convince someone who knew that they needed life insurance to apply for any. The hardest situations I have encountered are the ones where a person would rather buy expensive jewelry, go on a long vacation, buy the biggest house, or buy the most costly clothes or car.