Too Good To Be True...But It Is!

Let's say you're in your twenties, and just starting out in life. And one day an insurance salesman walks up to your doorstep, toting his briefcase and wearing a cheap suit and a loud tie. He rings the door bell, smiles like a televangelist, and says, "Have I got a deal for you!"

He's pushing a brand new insurance plan. He calls it "Lifetime Disaster Insurance."

"For the rest of your life, you'll be covered whether you're a teenager, in your twenties, thirties, whatever age," he says. "This insurance protects you against anything. If you're disabled in a car accident, a mugging, or any other sort of horror, this insurance policy will kick in and cover all of your medical expenses, your rent, food, and pretty much everything else from the time you're injured until the day you die, even if you live to 100!"

You look at him skeptically, but, unfazed, he continues.

"Not only will this insurance plan cover you, but it also covers your spouse and kids," he says. "If something terrible happens to you, then your spouse and your children will be covered and cared for as a part of this insurance plan. And if something happens to any of them, their medical bills and the cost of feeding, clothing, and housing them will be covered, too. Forever!"

"Not only that," he continues, "If you have a child with a birth-defect that requires lifelong care, this insurance plan will cover all the medical expenses – and all the cost of living expenses – for your child from birth to death, even if your kid lives to 90 and you're long gone."

The sales pitch sounds too good to be true. An insurance plan that covers you, your spouse, and your kids for life?! Including living expenses? And even if it is all true, it must cost a fortune, right?

You're about to ask the salesman the important question, "Well, how much does it cost? 500 bucks a month? A thousand? Two thousand?"

And then it dawns on you. You don't need this insurance plan. You already have it. It's called Social Security. You and every other American, from birth to death, already have it, and the best part about it is that it's completely free!

Even if you're just getting out of school and never worked a day in your life, and thus never paid any payroll taxes, you still have this vital insurance. You're "entitled" to it from the moment you're born until the day you die – which is why it's called an "entitlement."

~ from Want to Buy Lifetime Disaster Insurance? by Thom Hartmann and Sam Sacks ~