• David H. Kinder, ChFC

Myth #5 Why is there a savings component to life insurance? My car insurance doesn't do that!

Updated: Dec 28, 2019

From a book I read many years ago, the argument was made - "Why is there a savings component to life insurance? My car insurance doesn't do that. My homeowners insurance doesn't do that. Why should life insurance do that?"

Death is a certainty. Everyone that has been born on this planet has or will die. Even Christ, who rose from the grave on the 3rd day, did die.

Every other form of insurance out there does NOT have to protect against a certainty, but against a possibility.

What about health insurance and long term care? Well, unless you die first, you'll probably get sick.

What about disability or a critical illness? Again, unless you die first, you may not ever become disabled or be struck with a critical illness. (Btw, such coverage is important because some of these disabilities do NOT occur as an accident, but as an illness or other condition that can happen.)

Auto and homeowners insurance coverage financially protects in the event of an accident or other qualifying event. You may not EVER make a claim on these policies, and you really hope you don't have to, but you have insured yourself in the event of the possibility.

Therefore, to protect against a CERTAINTY, the life insurance companies need RESERVES to help pay for claims that may happen in any given year. Now, here's the big question: Is there a way to turn this certainty into an advantage for yourself and your family?

David H. Kinder | Lifetime Tax & Wealth Educator

Dynamic Advanced Insurance, Financial, and Retirement Strategies



3578 Atchison Circle
Riverside, CA  92503-5166 

Phone & Text: 


Regulatory Disclosure:

David H. Kinder, ChFC® is regulated by the California Department of Insurance as a life, accident & health insurance agent (CA Insurance License #0E54187)​.  This communication is strictly intended for individuals residing in the state(s) of CA. No offers may be made or accepted from any resident outside the specific states referenced until proper state insurance licensing and company appointments are secured for that given state. David Kinder Insurance and Financial Solutions is the marketing name for David H. Kinder, ChFC® and is not affiliated with any other company.  Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Guarantees do not apply to the performance of any particular index option on fixed indexed insurance contracts, or on projected dividends on participating insurance contracts.  Not all recommendations necessarily require insurance product purchases. Not all products are appropriate or available for all situations. Results are not guaranteed and are subject to individual situations and circumstances. Listing company client access links under the "Client Access" menu does not constitute any endorsement, filing, or approval of this website or its content by such listed companies.  Client access links are provided for client convenience only.

Not Legal, Tax, or Securities Investment Advice:

The material discussed on this web site is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice, nor does it represent any specific company or specific products.  David H. Kinder, ChFC® is not registered nor licensed as a Registered Investment Advisory Firm (RIA), Investment Advisor Representative (IAR), nor as a Registered Representative (RR) with any broker/dealer firm, and is therefore not registered with, or supervised by, the U.S. Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), or any state securities regulatory office.  As such, David H. Kinder, ChFC® does not provide investment advice, specifically: buying, selling, holding, risk analysis, or any other analysis of securities, nor the asset allocation of securities portfolios. For specific investment advice on your securities investment portfolio, please contact a licensed and registered investment professional in your state.

He does offer general investment information for educational purposes and may propose alternative financial strategies that do not contain or include securities. He does also discuss the pros and cons of various kinds of accounts (such as IRS Regulated Retirement Plans) and is considered incidental advice surrounding various strategies and solutions, but does not necessarily constitute advice on the underlying securities.  

For tax or legal services and advice, please consult a licensed professional in your state.  Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary and the information should be relied upon only when coordinated with individual professional advice.

The ChFC® is the property of The American College of Financial Services, which reserves sole rights to its use, and is used by permission.  

© David Kinder Insurance and Financial Solutions; All Rights Reserved

Privacy Policy