In today’s society, people know more about what they should do in the event of a zombie apocalypse than they know about what they should do when they go to the voting booth on Election Day. With shows like The Walking Dead and movies like World War Z, Zombieland, and 28 Days Later popping up left and right, it’s really not much of surprise, though.
Are You Really Ready?
Besides having your basement stockpiled with canned goods and crossbows, just how prepared are you, though? There’s definitely an argument to be made for life insurance, especially in the case of a World War Z scenario, where the civilized world doesn’t necessarily crumble and loved ones could still file claims in the unfortunate event that you should start craving brains.
Why You Should Buy Now—and Not Have Your Insurance Eaten By Zombies
Think life insurance premiums are expensive now? Think of how much they would skyrocket should you try to acquire a policy after the zombie hoards start devouring the population hand over fist!
Of course, there’s always the possibility that all of the insurance companies might turn into zombies themselves, and there would be no one to pay out the claims, but it’s always a good idea to be prepared. There might very well be one insurance guy left, with a computer, and a bank account, ready to pay claims. That’s dedication!
In order for your family to file a claim with the new King of Life Insurance, though, you need to purchase a policy and guess what… no current life insurance policies have any clauses or exclusions regarding a possible zombie apocalypse! Score!
Best Insurance Buy for the Zombie Apocalypse
Typically, term life policies are generally recommended by life insurance specialists, but in the zombie apocalypse scenario, something could maybe be said for whole term policies (you can find out more about these life insurance policies at Suncorp):
- Term Life—When you purchase a term life policy, you’re designating protection for a selected amount of years; most-commonly it’s thirty. During that period of time you experience no rate changes, hidden fees, commissions, forfeiture expenses, and the only benefit received are the death benefits your family claims.These policies are recommended, because they don’t change in cost and, once the time period is up, you’re able to reevaluate your assets and remove items insured under the policy that no longer need to be covered. A significant amount will change over 30 years, so having to ability to essentially refinance your policy provides a significant advantage; after all, you don’t ever want to paying for more than you actually need.
- Whole Term—With these policies, rates can fluctuate, there can be fees that will pop up (hefty fees should you decide you want to cancel your policy for any reason), and commissions can play a role. However, the benefits are:
- Tax-Free Cash: Whole term policies are an investment; this means that tax-free cash can be accumulated over the course of the policy’s life.
- Life-Long Coverage: You’ll never have to re-up; these policies are permanent protection, but, as mentioned, if you should ever want to cancel the policy (perhaps to move to another insurer) it’s going to cost you.
In the scenario of a zombie apocalypse, the argument that is pro-whole term mainly exists due to the fact that there isn’t a one of us that knows what an insurance company will do once it strikes. If your 30-year term policy expires and the apocalypse is still going strong, what will the new rates be like? They’ll probably be very expensive and policies might be hard to come by.
However, if you’ve basically grandfathered your way in through whole term, you might not mind the permanent nature of the policy, or a few extra fees, so much once the zombies descend! Plus, you’ll stocking up that tax-free cash for when the plague finally dissipates—something to think about!
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