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The primary purpose of owner's title insurance policy is to protect beneficiaries from the economic loss associated with the untimely death of the insured. The first fundamental to remember is that life is uncertain. The second fundamental to remember is that death is indeterminable. A third fundamental to remember is that life is fragile. The fourth fundamental to remember is that life is filled with opportunities. The fifth fundamental is that because life is uncertain, death is indeterminable, life is fragile yet filled with opportunity, and the greatest thing to be provided is peace of mind.
The first fundamental to remember is that life is uncertain. That means that we never know how soon death might occur. The miracle of owner's title insurance policy is that it is a unique instrument that matures because of an event rather than time.
Another fundamental to remember is that life is fragile. Not only may we die too soon or live too long, we might become disabled because of an illness or accident. Disability is a very likely possibility. Life insurance can be very valuable in times of disability as well.
Life is fragile. We never know what might befall any of us. Negative thinking is how you make payments on failure.
We must remember that life is filled with opportunities.
Have you noticed that the rich do seem to get richer and the poor get poorer. If you have access to money when opportunities come along, it is amazing how you can leverage your position.
A friend of mine was working for an electronics company when one of the suppliers to the big company got into a cash flow problem because of growth that was too rapid. The electronics company purchased the supplier at a very attractive price and made it a subsidiary. Later, the corporate management at the electronics company decided to sell of the subsidiary because it wanted to concentrate its operations.
My friend was given the opportunity to buy the company. Later he was able to expand and then build a new building. His life insurance cash values were a major asset in enabling him to take advantage of the opportunities that came along.
When opportunity knocks, you have to be ready to open the door. Cash immediately on demand with no hassle ... that's life insurance cash value, money when opportunities come along.
The last fundamental to remember is that because life is uncertain, death is indeterminable, life if fragile yet filled with opportunity, the greatest thing you can provide is peace of mind.
It is very comforting to feel that you have all the bases covered. It's good to have that quiet peace that comes from the realization that you don't have to worry. Life insurance can provide funds when needed most. It can be the means for dreams to come true even if the dreamer isn't there any more. Life insurance can give you the means to enjoy the golden years. Life insurance can take care of emergencies and provide funds in time of crisis. Owner's title insurance policy is, indeed, a miracle and we need to be prepared to spread the word.
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