Life Insurance in this season?

 

The cremation of a young man who died after a critical illness is just over. A young lady colleague also passed on from an unspecified critical illness, last week.Elsewhere, Inooro TV has a funeral announcement segment, Matangazo ya ikuzo where a number of deceased young men feature. Who knows what killed them.

This begs the question “Is COVID 19 targeting young men?” The Epidemiologists have an explanation for this gender bias of the novel SARS-COV2 virus. So there must be other COVID related deaths in the young male segment of our population.Our death toll from COVID stands at 418 souls .

I am sad. Death does that to us. I educate young people about savings, investment and risk management. From where I sit, being a young man in this COVID 19 season is risky.

How many young men below the age of 35 have Life Insurance? Could it be that nobody has talked to them? The idea behind this post is a reminder to this important segment of our population that we are indeed all mortal. We will all die, a few of us sooner rather than later, from this “Rona” among other causes.

How do we avoid the risk of infection? Wear a mask, wash your hands frequently, do not touch your face and keep away from crowds. How do we share the risk of dying, however small, from this virus, if we follow all Ministry of Health protocols to the letter?

You can share this risk with family and friends. They will already be over-burdened with grief, if you are no longer in the picture. Does it make sense to spare them an additional financial burden?

You could consider buying a Life Insurance policy and share the risk of dying with a reputable Insurance company like the one that I work with, Britam Insurance Company Limited. I would like nothing more than this epidemic to spare you and me. Nobody can give us any assurances and this is worrying.

This is a difficult time to talk payment of Insurance premiums. Two professional women I talked to have suffered 30 – 50% pay cuts. Waiters no longer get tips in Java coffee shops yet the economy is chugging along, they tell us.

Life has changed. Our goals remain the same. Goals for the good of our families and ourselves. The risks we are exposed to have changed. We must change too. Let us embrace change, let us avoid risks, reduce the risks or manage them. Life Insurance is one way of managing the biggest risk of all – the risk of losing our own lives prematurely. Life Insurance is also a way of saving money in an organized fashion.

This could be the best time to review your Life Insurance policies in the light of the many changes we have all experienced. A time to review your savings and investment plans as well. A time to get in touch with me .Life is too short to waste a minute, without getting our financial security ducks in a row for our loved ones and ourselves. Stay safe. Wear a mask in public. Wash your hands. Keep way from crowds. Review your Life Insurance policies. Look for me.