Every now and then we hear about insurance, different insurance companies and their processes. We always ask questions like what is our benefits, what do we stand to lose? In most times we might not be able to understand the full details about this insurance, but we hear them almost everyday of our life. It will not be unfortunate to see people who don't know what's insurance company is all about. It is not your fault a country like Nigeria and her citizen do not fully involved in insurance processes. But we hear it we know what it is.
Insurance company are many of them, a lot of persons enroll getting a insurance check and believing that when you enroll under an insurance company your safety or safety of a particular thing you enroll is assured. That's the mindset behind every one joining insurance company. But this is the bitter truth that who don't know about insurance company or insurance process at large.
Let's take for example, you enroll into insurance and it happens to be a life insurance process. At this point in time you ensure your life into the care of a company or agency, you pay a specific amount of money at the end of the month or annual, this company take this money which you deposit into their care, reinvest into something else, are these very point in time they make returns, while your life is still with you. At the end of the process you are expected to get their composition or their own part of responsibility after which you have died or something happened to your life or process of living.
And com'on this is one thing, I don't think anyone can dream of or pray for. Imagine praying that you die so that the insurance company will take responsibility of Your Life That was insured into their Care?
However to everything that has a "pro has a con" insurance companies and insurance agency in most cases save a lot of expenses. Let's take for example you ensure your car into an agency (insurance) and very unfortunately, you had an accident and the car got spoiled or burnt out of this accident, the insurance company has a percentage they will bring in order to cover the losses of the car that was committed into their caring as insurance.
However, to calculate properly, the amount of money people spend on insurance is greater than what the benefits are. You will not buy a car of $30 million and expect to crash it just because you commit it, under insurance.
I can't really say for sure do not do insurance process or advise you to do. However you know what you want when you do research if you are okay with what the policy comes with then it is not left for you to embark on it. Just as it is to some persons don't appreciate insurance, there are people who, I would love to insure their lives and all the properties as well.