The Bible in fact has plenty to say about life insurance or protection through life insurance, which is applied by many different principles. It’s however a lack of knowledge which confuses many when it comes to life insurance. In the 1972 Good News magazine, Vol XXI, No. 03, the questions were asked if Christians should purchase life insurance in today’s society; if there is any need for God’s people to have insurance today; and “why most people feel their insurance payments serve no useful service except to swell the bulging pockets of someone else.” For the answers, we will quote extensively in this Q&A from the above-stated article.
First, an article in the 1960 Good News magazine, Vol IX, No. 01, pointed out:
“Understanding what insurance IS can help you properly exercise both FAITH in God and solid GODLY WISDOM! Insurance is not a way to get something for nothing. Neither is it solely a way to protect the self. Nor is it a gimmick that costs you money from which you’ll never get any value. Insurance can be defined as a pooling of resources exposed to a common risk to which a certain percentage of people will fall victim during a given period.”
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