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MoneyWise

with Rob West & Steve Moore
Is Life Insurance Biblical? Thursday, February 20, 2020
Christians are sometimes troubled by the idea of life insurance. Does buying it mean you don’t trust God? Most often there’s simply no better way to provide for your family should you die unexpectedly. But is it Biblical? Today on MoneyWise we look at key verses and apply a bit of logic to this question. After all, God’s given us brains to discern the intent of His financial principles. Kingdom Advisors’ president, Rob West, will help us to that.    •          One could argue that not having life insurance breaks another Biblical teaching that we shouldn’t presume upon the future.  •          God expects us to take care of our families, and, typically, life insurance is a very economical and practical way to do this.  •          A better name for life insurance should be income or wealth insurance. Why? That’s what it provides if the bread winner unexpectedly dies. •          Does everyone need it? If you’re the major earner in your family and your net worth doesn’t provide enough in earnings to support your family (which is most people), you need it. •          Who doesn’t need it? If you’re older and your children are grown, you may not or you could switch to a smaller policy if you spouse still depends upon your income. •          Though it’s a good idea, don’t buy it if you can’t afford it.   In today’s show we also answer your questions:   •           Should I invest in gold or silver? •           Tithing—where should we send our first 10%? •           I’m on disability and don’t make nearly enough money. What advice do you have? •           Wise financial counsel—where would you steer me for this?   Ask your questions at (800) 525-7000 or email them at [email protected] Visit our website at moneywise.org where you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources. Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion! Remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.

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