THE GREAT ULTIMATE LIFE INSURANCE

 As a professional insurance practitioner I know and understand the value and importance of an insurance Policy. In a developed countries of the world, Insurance is seen as the most vital bedrock of economic development so the citizens never take insurance for granted.  

WHAT IS INSURANCE?

It is a legal contract in which an insurer indemnify another against losses from specific contingency or peril on the payment of a token known as premium.It helps to protect the insured person or their family against financial loss.

In a simple form insurance is a contract between an individual (policy holder) and an insurance Company( insurer) under the contract, you  Pay a regular amount of money known as premium to the insurer, and they inturn pay you if the unfortunate event insured against occured, for example the untimely demise of the life insured, an accident,or damage to a building.

 Insurance Can also be seen as a contract with a professional risk carrier or risk taker to obtain a compensation in the event of an unforseen contingency with the payment of a token known as premium. 

There are some technical terms  which are applicable to insurance contract of which you must be familiar with As we talk on this word insurance.                               THE UNDERWRITER

This is the insurance company

THE POLICY

This is the document stating the terms and conditions of the contracts.

THE INSURED/ASSURED

This is the person who take up the insurance contract,who receive the benefits if the situation insured against do occured.

PREMIUM

  This is the monetary payment to the underwriter for the insurance contract.

RISK

This is the particular event insured against.

There are two major types of insurance  which comprises of so many arms. These two major insurances are General insurance and life Insurance.

Iam going to specifically speak about life insurance from the  Perspective of the gospel.It is only a parent that has the love of his dependant at heart that generally enter Into this type of contract because the insured never enjoy the benefit of this type of contract when he is  still alive but effect it for the benefit of his/her survivor after his death.

Death is bound to happen one day, It is not a probability,either we like it or not It will happen one day. No man can escape it In Ecclesiastes 3:2 (To everything there is a season and a time to every purpose under the heaven, a time to be born and a time to die ) Hebrews 9: 27 (And as it is written it is appointed unto men once to die, but  after this the judgement ) 

It is clearly stated here that man has an appointment with death one day.

With this in mind a great and lovely father/mother always have a plan ahead for his/her survivor to keep on enjoying the life they were used to when he/ she was alive. This will not allow the  survivor  to face dejection or rejection after the death of their breadwinner. Such an individual usually entered into a contract of insurance while alive for the benefit of his survivor.He pays the premium as long as he/she lives

As long as the policyholder is still alive the beneficiary has no accesss to the benefits of the life insurance policy but it become useful to him,/her a the demise of the life assured.

 God is a lovely and caring father and love us so much that he wants us to keep on enjoying what he had provided for us as long as we remain for him John 3:16 (For God so loved the world. That he gave his only begotten  son that whosoever believeth in him should not Perish, but have everlasting life).

 Jesus came to this world that we may have life and life abundant, John 10:10 

Jesus when he was on the earth love us so much and show us the father,he never want us to be a fatherless offsprings.Because of his love for us he effected a life insurance for us and put the names of everyone that believe in him and accept him as their saviour as a beneficiaries of this life insurance .

This life insurance was underwritten by God Almighty and Jesus paid for this life insurance contract with his blood,the blood of Jesus is the ultimate premium paid,the contract was signed, stamped and sealed by the precious blood of the lamb.

When he was here on earth none of the beneficiaries could enjoy the benefits of the life insurance policy but by his death, we that believe in him has the right to take the life policy to God the main underwriter and ask that the benefits in it be given unto us, since our name is writen in the policy we are automatically a beneficiary, that is the reason Jesus said in Matthew 7:7 ( Ask, snd it shall br given you, seek and ye shall find, knock, and it shall be opened unto you) and in John 14:13(And whatsoever ye shall  in my name, that will I do, that the father may be glorified in the son). John 15:16b ( that whatsoever ye shall ask of the father in my name, he may give it you).Matthew 26:28( for, this is my blood  of the new testament which is shed for many for the remission of sins.

Majority of people do not know the essence and the importance of the blood of Jesus that was shed at his crucifixion, that blood was the premium paid on the life insurance policy effected on our behalf.

Anytime you understand the importance, you can confidently approach God and ask for the benefits that belongs to you.

In it our healing is there, our blessings is there,our righteousness is there,our victory is there, whatever you are looking for is there. If you believe in him take his word in its face value and approach God today without any iota of doubt and ask him, telling him Jesus Christ has paid it all and you will be surprise that you will receive the benefits for your joy.

When he was on the earth we didn't have access to this life insurance policy he paid for just like the beneficiary of life insurance policy could not access the benefit until the death of the testator

You and I are not left comfortless after the death of Jesus but were given access to approach the throne of grace with boldness and say Haba Father..

Do you need further advice about various types of insurance and how to go about it contact me through the comment section or through my email address.