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Insurance, insurance, insurance.

These days, there are so many insurance choices available that they seem to cover EVERY possible issue that may arise in your life.  There’s Whole or Term Life Insurance, Death Insurance, Auto/Motorcycle/Boat Insurance, Home Owner’s Insurance, Mortgage Insurance, Renter’s Insurance and a host of others.  Even if you own a spaceship, there is undoubtedly a policy out there to insure it.  You may not be able to afford it, but it’s out there.

The trouble with having so many insurance options presented, however, is that the rules, as well as the differing levels of coverage that exist from state to state, are, for the most part, profoundly unclear.  And, if you aren’t up to date on the constantly changing procedures, you can quickly become overwhelmed and/or be cheated out of a lot of money due to unnecessary or overlapping coverage.

If that isn’t enough, even if you manage to pay the fees and avoid the pitfalls, the insurance companies have other ways to cheat you.  For instance, you can pay full monthly premiums for life insurance for 30+ years only to turn 74 or 75 years of age and have your insurance benefits suddenly cut in half.  That’s right.  Despite being up to date on your premiums, you are not safe!  Apparently, the reality of your possible death and/or associated withdrawal of monies from an insurance company is just too much for them to handle.

So, incredibly, insurance companies are legally able to cut your benefits without any explanation or legitimate reason!

Things like age and uncovered illnesses (the parameters of which are, of course, determined by the insurance company) can easily get you a fast trip to the poor house.    Even with some covered illnesses, the copays and deductibles can decide and/or limit care options.  On some level, simply not having any insurance at all does away with the stress of dealing with unexpected costs and forms.  But then, you have to bear the weight of the full costs of treatment, which—as has been seen with antibiotics for cancer patients and the Epi-Pen—are artificially high in the first place.  You lose one source of problems only to fall into an entirely different set.  You just can’t win.

And it’s not just health insurance either.  Likewise, you can pay for Auto Insurance only to be penalized or even dropped by the insurance company for using it.  They accept payments from you month after month, year after year but, once you call them with a problem in need of service, your coverage is in jeopardy.

Again, the law of the land dictates that the insurance company has all the power.  Thus, they are well within their rights to alter or cancel your contract!

So we, the consumer, are truly at the mercy of the insurance company.   We, the consumer, are tasked to pay for insurance but never use it or risk expulsion.

As such, those of us who actually have insurance do everything in our power to avoid using the service that we are paying for.  To dodge excessive fees or hassle, we find ways to ignore health problems or patch things up on our own, which is not only ridiculous, but the very opposite of why insurance exists.

Could you imagine the power company dropping your service because you demand electricity at night?  Or, the gas company cancelling your contract because you asked for too much heat during the winter?

We need to band together as a society to force our representatives/government to step in and regulate insurance companies.  As it stands, they are the only ones benefitting.  Can anybody hear me?

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