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Honey Get the Door It’s The Change in Our Term Life Insurance

“Term Life Insurance” is not just an affordable choice for many Americans needing the financial security of obtaining life insurance to cover their survivors or beneficiaries needs, or for paying debts they might owe. The concept of “Term Life Insurance” is relatively new, and is distinctly American. It is a close cousin to permanent “life Insurance”, or “Whole Life Insurance” that grew out of the insurance industry of Great Britain which was founded originally in the insuring of sea vessels, their cargo, and especially the cargo so precious, human beings to be sold as slaves in the New World. The originations of “Term Life Insurance” followed two paths as it grew in the United States. The first was it was to be affordable to the American of lower or middle class economic status.

The second it was to follow closely the establishment of “mortality tables” and was to be at pay out “tax free”. Today the major insurers may sell either “whole” or “term” life insurance over the Internet, but at the end of the Great Depression Americans welcomed two salesman’s to their door, the life insurance salesman and the “Bible Salesman”. If Americans slammed the door on the Hoover Vacuum salesman foot, it was common to suspect one or the other of those selling term life insurance or the Scriptures was flim flam.

Today we are suspect of “spam” at our Email, abhor pop ups advertising that intrudes on our Internet Searches, and may even be overwhelmed to find the President caricature, or photograph being used as a sells technique for insurance products. “Trust”‘ has always been a value of the world of bankers, and of insurance.

While “Term Life Insurance” is seldom a life insurance product chosen to be “trusted” or given as charitable due to low payouts it’s development to meet the needs of the average worker in the United States came to set a standard in the insurance industry very much different then that carried originally by Lloyd’s of London. Americans suffered greatly during the Great Depression, and then the advent of the Second World War left so many without. These decades would prove that Americans could be leaders in the insurance industry.

Today most of the world uses the concepts, and standards of the insurance industry which grew out of the development of “Term Life Insurance” and the establishment of the Social Security Trust Fund, and today what we depend upon as Medicare and its substandard sister, the public dole of “Medicaid” and supplemental Security Income Benefits. Standards of the insurance industry are managed by companies individually; but all must meet the conditions of “honesty” or ethical practice carried as “protections” of consumers by the Federal Trade Commission. Insurance companies in the United States obey the Surgeon Generals Office of the United States and uphold “life”, the American Medical Association, and the Food and Drug Administration. And according to the wisdom of President Franklin Roosevelt in the planning for the “well “of the American people all insurance carriers (companies) must meet terms of the Federal Emergency Management Agency.

As medical science in the United States surpassed that available throughout the world it became apparent that “whole” and “term” life insurance had to be made to meet the challenges of Americans living longer, and recapturing health after serious injury, accident or illness. Today the Rehabilitation Specialist has been added as a “guide” for those aging, or handicapped/disabled when using the insurance products of Retirement Benefits, or Disability Insurance. The medical specialty of the Rehabilitation Specialist was born from the Veterans Administrations need to reintegrate injured War Vets back into the workforce. Hauser Insurance

These Rehabilitation Specialists guided passages of the Older Americans Act, and helped insure the civil rights of the disabled be protected in the passage of the Americans With Disabilities Act. These developments in the insuring of Retirement and Disability saw changes as well in both “whole” and “term” Life Insurance. These changes saw firmed management of ethical guides within the insurance industry and consolidated regulation of honesty and consumer protections for the American purchasing insurance. It also saw the regulations of “Term Life” insurance changed in what consumers thought were “great” ways and reduced the cost of “Term Life” insurance policies. These changes followed the quest of the American worker aging or disabled not to be presumed “useless” and further upheld standards of the United States Civil Service (a trendsetter) and the United States Labor Department. Today the only “term life” insurance carried by the Social Security Administration is the profoundly minimal “Death Benefit” which has not been raised by the United States Senate since the Korean War. And the only “term” life insurance awarded to United States War Veterans is the American flag, folded carefully, and presented to the surviving families of those Americans who gave their all for their country.

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