“We should do a review. Your salary is higher now. You should need bigger insurance coverage.”
This was what one of my insurance agents said to me many years ago.
I was wondering why did she say something like that.
Wasn’t I financially more secure by then? Why would I need to increase my insurance coverage?
“You are worth more now. Your life is more valuable. It is like insuring a valuable piece of art. More valuable the artwork, the higher the coverage.”
OK, at that point, I think most people would have just bought into the argument.
I decided that the agent was only interested in lining her own pockets with more of my money.
Read this conversation I had with a fellow blogger on the need to buy insurance and how this need correctlychanges with our circumstances …