We all have our way of doing things and I am convinced that there may be more than just a handful of people out there who disagree with me when it comes to how to handle life insurance in their lives, but bear with my bear analogy and see if there isn’t just a hint of truth in it for you.

I think we can all agree that it would take a fool or an idiot to go bear hunting with no bullets in your gun. If you wait until the moment of truth and a bear is charging, even if you have nerves of steel, you’re too late. You simply can’t load your gun, aim and fire multiple times before a slobbering 35 mile per hour man eating fur ball wins the race.

A lot of people hunt for life insurance in just that manner. They think about it, study it, shop it and then start over with the thinking part again. It’s true that they can pull the trigger on buying life insurance at any time, but the application process is the equivalent of the attempt to load a gun. It would all be simple if we could just get someone to ensure that we wouldn’t have any health changes or die while we dinked around pretending to be prudent shoppers. If we could just be guaranteed that the bear wouldn’t charge or would stop and wait for us to get the gun loaded, everything would work out just fine.

But it doesn’t always work out just fine and that is why I have always encouraged the life insurance grazers to put something in force and then graze away. Take your time. Kick the tires. Google it to death. By putting something in force I am saying to put your shopping emotions aside for the sake of your family. Do a quick search for some inexpensive term insurance and put some in force.

Bottom line. Shopping for the perfect life insurance policy with, say, $500,000 of term insurance already in force is the same as loading your gun before the bear hunt. If your health changes or if you die while grazing the universe for the ultimate great deal, at least you know that your family is protected. Remember, just because you buy a term policy doesn’t mean you are stuck with it. If you find a better deal, there is no penalty for replacing it.