Are You Prepared??

Door of the Unknown

Preparation?  This means something different to everyone.  Some people don't like to plan and prepare, some can't do anything without a plan.  The fact is that life is full of unforeseen events.  While we can't plan for things that we don't know about, we can be prepared.  Here is a fascinating quote from a movie that I think is pertainent, "chance favors the prepared mind".  This just means that if you are prepared, the results of the unknown can be more easily dealt with.  Enter insurance, specifically health and life.  These two insurance products are the epitomy of preparedness.  In my daily interactions with people, I have met many that don't have either one of these two pillars of insurance.  Some of them can't afford it, don't want it, or don't think that they need it.  You could make an argument for any of these reasons, but at the end of the day, responsibility is the order of the day.  "Are you acting in a responsible manner?"  This question is posed on a personal level as well as on the bigger scale (your fellow man).  I am not going to get into the responsibility side of this industry...not today. 

 Let say that you are supremely prepared.  You have health, life, disability, long term care, and all aspects of your property and casualty covered.  At this point, I would probably get you a hug and a high five.  The next question is," do you have enough coverage?  I know that this sounds like another sales pitch, but coverage is relative.  If you have a mansion, six cars, and a million dollars in the bank, you need a different amount of coverage that a standard middle class family with a house, 1.5 kids, two cars and a dog.  This seems obvious, but trust me, it isn't.  An example of this that I run into everyday is people that have health insurance, and honestly believe that they are "covered.  When I ask if they are prepared to spend their savings to support their family in the event of a catastrophic event, they don't look so prepared.  While traditional health insurance is great, it doesn't help you or your family in times of emergency.  It is designed to pay the doctors and hospitals for your care.  If you have a medical emergency, there is a good likelihood that you will be unable to work, or complete your daily tasks for a length of time.  It is for this reason that supplemental cash insurance was created.  These policies cover the person where traditional health insurance covers the doctors and hospitals.  It is hard to truly be covered without these personal coverages supplementing your health insurance.  The truth is that if you are "underinsured", then you are not adequately prepared. 

 

The key is to have a plan in place to make sure that you are prepared for any event that can come your way.  Being prepared doesn't mean that a bad situation won't suck.  It just means that it won't be so life changing for you and your family that you won't be able to bounce back from it and essentially cease to exist in the manner that you have been.  When disater/emergency strikes, it is nice to have family or friends to help.  But the fact is that you are the one that is responsible for you,  not anyone else.  This is a concept that seems to be dying more each day.  In times of need, pointing fingers and blaming won't fix the problems that preparation would have.When someone you know, or even you (God forbid) is strickened with cancer, heart attack, or a major accident; who will pay the bills?  The prepared person would have a list of companies and resources to give as an answer to that question.  The unprepared person doesn't have any answers.  Which one are you???



Opinions, thought and comments are always appreciated.

 

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Todd Uzzell
www.insphereis.com/tuzzell
todd.uzzell@gmail.com