ASTRONAUTS HAVE LIFE INSURANCE - SHOULD YOU?
The first astronauts to travel to the moon faced some difficulties before lift-off. Unsurprisingly, life insurers were very cautious in considering covering a team about to embark on a potentially lethal mission.
Fortunately, the crew had a bright idea. They autographed a vast number of postal envelopes, which were stamped at the local post office at home during each day of the mission. The idea was based on the assumption that these signed envelopes would soar in value if the crew died on the mission, leaving sufficient money to take care of their families.
A more straightforward option for you
Whilst the Apollo 11 crew’s unconventional approach is admirable, fortunately, these days it’s much easier for the average person to obtain life insurance. Even if you’re not embarking on a dangerous mission, it’s still important to have cover, you never know what the future holds.
Be realistic now and in the future
It’s best to be prepared for different scenarios, including illness and death. Although not particularly cheery topics to engage with, they should be planned for. If you know your family would struggle to pay the bills without your income, then life insurance is essential and will provide valuable peace of mind.
As with all insurance policies, conditions and exclusions will apply