Every semester, JRC Insurance Group awards a $1,000 scholarship to the college student or high school senior that writes a compelling essay about why every family’s primary income earner should have life insurance.
We received about 150 awesome essays, but unfortunately had to choose just one. After some careful consideration, we would like to congratulate Michael Sproull as the winner of our Fall 2018 Scholarship Contest. Great job, Michael!
Michael is currently a senior in high school, and will be starting college next year. We’re so thrilled that we could help him out with some of his expenses – as we all know, college isn’t cheap.
We’ve posted Michael’s essay, “Modern Nobility,” below.
I can still recall when I asked my father what would happen if he passed away. The trees flew by as we sped in his car on a country road while listening to a podcast on finance. The speaker was talking about the dangers of not having life insurance. In his usual bluntness, he said, “I hate to sound unsympathetic, but dying without life insurance is just plain irresponsible.” I was in middle school at the time, and the idea of life insurance was foreign to me. I turned to my dad and asked him what is the man on the podcast was talking about. What my dad told me has stayed with me to this day.
He glanced at me, and the first thing he said was that buying life insurance is like someone saying “I love you.” He continued by saying that failing to protect his family with life insurance not only irresponsible, it is unloving. He explained that money in the insurance account was never intended for his use – it was for us, his sons and daughters. As I gazed out the window at the passing world around me, I pondered his words. I knew from school that the definition of love is to will the good of the other. So I said in response to him, “But how does money show love?”
He said, “Well, money does not really give love, but the peace and stability it brings helps.”
“But dad, don’t we get money from your job?” I innocently asked. As we rolled into our driveway, he whispered, “There may be a day when I am not here for you.” He went on to tell me that death is never more than a moment away. That you are never guaranteed one more moment of life than you have now. Death can come at any time, any place. He said that knowing this fundamental truth, along with a strong desire to care for our family, lead him to purchase life insurance. In other words, buying life insurance is the best way to prepare for the worst, while hoping for the best. He expressed to me that his deepest wish as a parent is to provide safety and security for his children even after his death – a fiscal safety net. This safety net ensures a college education for each of my siblings. This is so important to me because having a collegiate degree is essential to success in life.
Reflecting on that conversation, I began to see the true nobility and wisdom in it. Life insurance does not necessarily have a positive impact on the buyer (except by providing peace of mind). This fact alone has lead me to believe that buying life insurance is perhaps one of the most selfless actions a person can take in life. Buying (term) life insurance puts money into a fund that the buyer will never live to see used. It also wisely acknowledges the inescapable fact that man is mortal, and that one’s children will generally outlive their parents. Therefore, to be a responsible, noble, wise, and caring parent is to buy life insurance.