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Christian View Of Insurance: Is It Biblical?

Is it a lack of faith to have life insurance?

Would yous fly inward a single-engine plane without a parachute?

Would yous instruct whitewater rafting without a life preserver?

Would you move the desert without a canteen?

If non, would that exhibit a lack of faith inwards God?

You may say that’s absurd, but some Christians don’t think insurance is a Biblical idea – as good as even consider it to be a lack of faith.

Many pick out self-insurance or go without any insurance at all, piece others conduct on too much insurance.

During downtimes, insurance tin live a financial lifesaver. But is it wise too godly to protect against disease, decease, accident, or theft?

Many Christians pass up insurance merely because they struggle that it takes God out of the icon demonstrate. However, God’s Word instructs us to train for expert inward improver to bad times.

When insurance is used properly it tin flame assist a household during a major affliction or disability, it tin flame homecoming replacement income for the loss of a spouse, it terminate rebuild a damaged domicile, together with it tin give the axe pay medical bills during an extended rest inwards a nursing theater.

Insurance will never cover every catastrophe, but it can be a wise way to protect the assets and income God blesses you with. You should also be careful not to allow insurance to be a replacement for God. Balancing wise planning and religion inward God should be the complete of every protection conception – plenty to protect your seat unit of mensuration, but non hence much every bit to natural springtime your dependence on God.

Balancing Insurance in addition to Faith inwards God

In his book Money, Possessions, together with Eternity, Randy Alcorn asks, “But where does God fit into all this? The greatest danger in insurance is that it so easily undermines our sense of dependency on God. Is insurance a God-given means of provision, or is it in reality a theological end-run that makes trusting God unnecessary?”

The human activeness of buying insurance inward itself doesn’t demonstrate a lack of trust inward God; instead, it demonstrates proper planning. God clearly wants us to render for our families equally demonstrated inwards 1 Timothy v:8 NIV:

Anyone who does non render for their relatives, inward add-on to especially for their possess household, has denied the religion together with is worse than an unbeliever.

But we cannot be too greedy and slothful with our insurance policies either. Life insurance is a financial tool just like a mutual fund, a stock, or a CD. These tools are morally neutral. The mental attitude inward using the tools determines whether insurance is existence used properly inwards God’s eyes. Insurance should non alive bought because of fright but rather amongst organized faith.

Jeff’s Legacy

Jeff worked at a telephone fellowship for nearly 20 years afterward graduating from high schoolhouse. At thirty-7, he was the sole breadwinner for his line of piece of work house unit of measuring. He always thought that his gild would guide aid of him inward the topographic point out of an untimely expiry. He was confident that his household was secure. He was a menage human being as good as loved spending fourth dimension amongst his spouse, Julie, as well their two immature children. They were fortunate that Jeff’s income allowed Julie to repose dwelling corporation amongst the children.

When he came in for an appointment, Jeff was shocked that he was underinsured. If he passed away, his group term life insurance would guide maintain covered solitary ii times his yearly salary. This would final solely four to half dozen years amongst his house’s electrical current expenses. His married woman would receive got to acquire dorsum to slice of work inwards add-on to position the kids inwards daytime aid. Jeff opted to buy additional life insurance to enshroud his income until the kids were through college. Sadly, this was the wisest investment that Jeff ever made.

Less than a yr afterward beingness accepted for insurance, he was diagnosed amongst brain cancer. Jeff never reached his xxx-9th birthday. The Ag lining inward the story was the policy that Jeff bought for his household. He prepared in addition to planned together with left his identify unit inwards a audio fiscal topographic point.

Julie said, “Had Jeff not met with you, a tragedy would have been made worse. Yes, God could have performed a miracle. He could have used the church household to bail us out, but through this policy, He was able to behaviour us through the toughest loss we ever faced.”

Julie has since gone to nursing schoolhouse at nighttime besides became an RN. The insurance proceeds allowed her to pursue a passion rather than forcing her to guide a task.

Why Insure?

Insurance provides protection for unanticipated expenses you couldn’t otherwise pay. For instance, inward the example of Jeff in addition to Julie, insurance was used to ready needed income afterwards Jeff’s decease.

Buying insurance is similar looking ahead. If you knew you would human face upwards a fiscal chore downwards the route together with could afford to protect your enterprise together with your assets at a fraction of the replacement price, why would you lot non at least consider it? Insurance also frees upwardly surplus funds.

In Jeff and Julie’s case, Jeff made $85,000 a year. When he died, the family still needed at least $75,000 in yearly income. Social Security provided around $12,000 a year for dependent care. The family still needed $63,000 a year to cover the gap. Where would these funds come from? Jeff and his family could have saved over time, but in this case he had less than a year to live. The other alternative was to buy life insurance, which he did, and that turned out to be the wise choice. No one knows what the future holds, but planning ahead is prudent as well as resourceful.

6 reasons that Insurance is Biblical

A good pastor friend of mine, Craig Ford, argues that at that spot are half-dozen reasons why Christians should receive got insurance:

1. Insurance allows us to protect our loved ones.

Like mentioned higher up, inward a catastrophic say of affairs, the financial burden is inward all likelihood to tumble on person we honey without it. (1 Timothy v:8). If I guide hold got the financial means to do thence, we should spare our loved ones that burden.

ii. Insurance honors the biblical principle of reimbursing with compensation those who hold been wronged.

In Exodus 21:12-36 nosotros come across the Biblical precedent that those who are harmed should live compensated. With some types of insurance, the financial do good is exactly every bit in all probability to live for mortal else as it would live for us. This is why most states in the U.southward. require drivers to bear auto insurance. Which brings us to the side by side dominion…

iii. Insurance is oftentimes required every flake a constituent of regime submission

In Romans thirteen:1 it states “Let everyone alive topic champaign to the governing government, for there is no command except that which God has established. The authorities that live guide maintain been established past times times God.”

Therefore if the law requires it, we should do it.

4. Insurance tin live a loving action towards a husband or job theatre.

Like mentioned higher up as good, life insurance, for instance, is a way for a married adult adult man to furnish for his married adult woman (Ephesians 5:25) even if he leaves public a niggling earlier than expected.

v. Insurance helps to ensure you testament have got got something to get out to your children

Proverbs 13:22 famously states that “A skilful mortal leaves an inheritance for their children’s children…”

And spell I don’t remember that the inheritance is strictly monetary, for certain it is constituent of it. And for many people life insurance is an easy way to alive able to acquire out something for your kids.

Side musical notation: I actually similar what Warren Buffett says most this: “You should acquire downward out your children plenty therefore they tin do anything, but not enough hence they tin dismiss do goose egg.”

six. Insurance provides us amongst a way to ensure our debts are paid.

In the past I have written about Christians together with debt and what the bible says most debt, but the Cliffnotes version is this: when we borrow we should pay it back.

Did you know that medical bills are the number ane ground that people file for bankruptcy?

And slice wellness insurance isn’t inexpensive, if it tin sack forestall financial catastrophe, nosotros really shouldn’t do without it if at all possible.

Side notation: at that spot are some considerably cheaper wellness insurance options specifically for Christians similar Medishare as well as Samaritan Ministries.

Where to purchase insurance?

If you lot conduct away agree a trusted friend or household fellow fellow member who serves every scrap a broker (non just an agent) as well as then instruct with them.

The reason you lot wish a broker instead of an agent is because amongst an agent y'all are typically express to the i companionship the agent industrial plant for. On the other mitt a broker volition live able to compare rates from many insurance companies to brand sure enough that you lot instruct the best complaint per unit together with coverage.

If you don’t have someone you can trust to help, then PolicyGenius is my go-to site for Life insurance (and most types of insurance).

I dearest them because they go like a broker together with allow you lot to compare rates from over a dozen insurance companies inward 1 identify, inward summation to they too so concur all the paperwork for no additional cost.

And if you have questions – their non-commissioned agents tin delineate out assistance steer yous inward the correct direction. 

I verbalise to a greater extent nearly why I recommend PolicyGenius inwards the video below!

How do yous experience nearly insurance? Do you lot remember Christians should have it?

Leave a comment as good allow me know your thoughts!

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