3. The Creation Of An Immediate Estate

The beauty of life insurance is that it
reaches its maximum value when everything
else is made uncertain by death. This is ex-
actly what it is for, and there is nothing that
can take its place, or misdirect it either.  - Benjamin David King


One day, we shall have lots of money. And that's possible. That's the same ''one day'' as in ''One day, my ship will come sailing in''. ''One day, my business will boom''. One day.

But life insurance is the only financial instrument that allows for the creation of an immediate estate. Right now, if you buy an Endowment-type policy, say of $100,000, maturing in 20 years time, you are immediately guaranteed that goal. If nothing happens to you, in 20 years time, you will achieve that goal with additional bonuses attached  to that policy. But should something untoward happen during this 20 year period, the goal of $100,000 is guaranteed, because life insurance has created an immediate estate of $100,000.

Banks operate on a different principle, ie. ''Save and Create''. At any time, the amount of money you have in the bank equals (a) the deposits to date and (b) the interest accumulated or compounded. Life insurance operates on the ''Create and Save'' principle.

By the stroke of pen on paper, one chief uncertainty of life has been eliminated. What would otherwise be a Question Mark (?) is replaced with an Exclaimation Mark (!).

Life insurance is the only self-completing savings plan. Other plans pay only when you have sufficient time to save. The Life Insurance plan pays what you intend to save!