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

Classic Games for Grandparents to Teach Young Grandchildren

Want To Play a Game?

Avoid These 5 Mistakes When Buying Life Insurance

Each of these Missteps Can Be Costly

Is There an Upper Age Limit to Buying Life Insurance?

How Long Can You Put Off the Decision?

Questions About Life Insurance You May Not Have Even Thought About

These May Be the Opposite of FAQs

The “Free Look” Period for Life Insurance

Many Aren’t Aware of This Life Insurance Clause

Things Your Kids Don’t Want to Inherit From You

Downsizing is Tough, But an Important Step to Take…For Your Adult Children

The Right Recipe For Your Life Insurance Program

What Are the Ingredients for Your Life Insurance Program?

Facing the Inevitable

Have You Had That Uncomfortable Conversation with Yourself Yet?

What Grandparents Should Understand About Their Children and Grandchildren

Shocker: Times Have Changed

Relationship Building: The Power of Questions

How Questions Can Be the Key to Valuable Conversations