Five Cents a Week for Life Insurance? Wait…There’s more!

Five Cents a Week for Life Insurance? Wait…There’s more!

Have you ever talked to an older person about what things USED to cost? Your parents or grandparents may have bought a new car for a couple thousand of dollars or a home for $20,000. Gas used to be priced at 19.9 cents a gallon and bread at 10 cents a loaf. Not only were prices lower but service levels were different. Gas was pumped into your tank for you and checking your oil and cleaning your windshield was routine. You may even have received a premium for buying gas at a certain station like a game piece, glass or stamps to save for gifts. It wasn’t just gas either. Bread and milk was frequently delivered to customers doors and doctors made home visits.

Even life insurance has changed dramatically. Would you believe that, in some cases, life insurance could be purchased for a few cents or a nickel per week, and an insurance agent would actually come to your home to collect premiums? It’s true. Some very large insurance companies built their businesses on these “nickel per week” policies with insurance men visiting homes just like mail or milk men.

The good news about this system was that these insurance representatives often became friends with the families they served. They were there when a child was born or when a customer got married. They were a familiar face when a policy loan was needed or a claim needed to be submitted. Sadly, it was not necessarily a cost-effective system and like at home doctor visits and service station attendants, this type of insurance representative went by the wayside.

Today, it is up to the consumer to let their insurance representative to know what is going on with their lives. If there are significant changes like a birth, marriage, divorce or death, the policy holder should contact the insurance company. It is then their responsibility to provide exceptional service and valuable loss prevention products.

If it has been a while since you’ve had a life insurance review, contact us. We will be glad to provide the attentive, personal service you deserve.


Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Search All Blogs

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about
our blog writer?

Read more about KayLynn's background.

Search All Blogs

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Unusual Questions About Life Insurance

The Answers to Some Off-the-Wall Questions

How Do You File a Life Insurance Claim?

What You’ll Need and What to Do To File a Claim

Situations When You Should Change Your Life Insurance Beneficiary

It Can Be Easy to Forget to Change a Life Insurance Beneficiary

Let’s Talk About the MINIMUM Amount of Life Insurance You Should Carry

Do You Need a Million Dollar-Plus Life Insurance Policy?

Keeping Up With Life’s Clutter

If You are not Careful, Clutter Can Be Overwhelming

Life insurance; One Step at a Time

You Don’t Need a Big Budget To Get Your Life Insurance Program Started

Small Choices That Can Make Big Differences in Your Health

Don’t Let a Big Decision Stop You. Make Some Small Ones Instead.

Creating a Family Timeline

Building a family timeline is fun and interesting. Start with birthdays, weddings, graduations etc. and build it out from there!

Activities for the Family to Keep Everyone Fit

Share the Motivation for a Healthier Life with Your Family

Pre-Planning Doesn’t Require Pre-Paying

You Don’t Have to Wait Until You Are Financially Ready to Pre-Plan Final Services