Is Buying Life Insurance Biblical?
I wonder if what presents itself as a form of super-spirituality isn't sometimes something else. At best, it may simply be a misunderstanding of faith. At worst, it is an irresponsible refusal to accept the appropriate (and, even God-ordained) responsibility that comes with the headship of a home.
Of course the goal is to get to the point where you don't need insurance coverage at some point. And, besides, if you still do need coverage at the end of your term; you can just buy some more insurance at that time, right? Not necessarily. It's possible that you may still need insurance at the end of your term, and it's also possible that health conditions could make it impossible to get decent coverage. What to do? You might wish to consider buying the original policy with the guaranteed renewal option. This may make it possible to get more coverage at a later date. However, be aware that future rates can be prohibitively expensive especially if you health declines. Get detailed future rate information before you buy.
What About Mom? In families where the mother stays at home to raise and nurture the children, sometimes you hear a thoughtless husband say, "Oh we don't need life insurance on her because we don't depend on her income."
Rather than argue the point, I think the best thing to do is to ask the question: "What does mama do around here?" After he has listed everything from counseling to car pooling, from shopping to studying, from bookkeeping to baking, from correcting to cleaning—then you might ask, "So, what would it cost to hire a professional to come in and do all of those jobs?" Finally, with an amount agreed on, multiply that times the number of years of childhood still ahead—and, there you have a ballpark figure of the amount of insurance that you need to replace Mama!
What Does the Bible Say About Life Insurance?
I think of life insurance as love insurance. One of the most loving things a family bread winner can do is protect his family. One of the foundational building blocks to achieving this goal is to care enough to make sure that if you die, grief for your lose won't be compounded by a financial catastrophe.
When it comes to insurance, there is not a one-size-fits-all approach that's right for everyone. There are all kinds to consider: Life, health, homeowners, auto, disability, umbrella coverage, etc. My goal is to open your eyes to the benefits of insurance so you will be encouraged to learn more. Remember—knowledge is power. The more you know about insurance and your coverage options the better able you will be to protect your family from unforeseen loss. Like the insurance people say, insurance isn't just for the living—it's also for those who are left behind.
"Behold, there come seven years of great plenty throughout all the land of
And there shall arise after them seven years of famine; and all the plenty
shall be forgotten in the land of Egypt; and the famine shall consume the
And the plenty shall not be known in the land by reason of that famine
following; for it shall be very grievous.
And for that the dream was doubled unto Pharaoh twice; it is because the
thing is established by God, and God will shortly bring it to pass.
Now therefore let Pharaoh look out a man discreet and wise, and set him
over the land of Egypt.
Let Pharaoh do this, and let him appoint officers over the land, and take
up the fifth part of the land of Egypt in the seven plenteous years.
And let them gather all the food of those good years that come, and lay up
corn under the hand of Pharaoh, and let them keep food in the cities.
And that food shall be for store to the land against the seven years of
famine, which shall be in the land of Egypt; that the land perish not
through the famine."