Wednesday, 10 December 2008

Not Worth the Risk.

Had a letter yesterday. It was about my Life Insurance. My policy will expire in February. Thank you.

That’s all it said.
It brought back memories from years ago, hiding from the Man-from-the-Pru. The door bell would ring and Sarah or I would recognise his car in the road… and we’d hide behind the settee.
Because the Pru-man had The Power.
He was able to wheedle his way into our family, assuming a comfortable first-name relationship, and he would chat and advise and cajole and gradually the topic of insurance would creep into the friendly banter. He was good, no question. He already had us hooked into a small policy, but he never rested, he was always looking to land the big fish; the Professional policy.
I had just one weapon in my arsenal: he always called me David, my first name. Everyone else calls me Mike. And I was careful never to put him straight on this detail, because it was my lifeline. This was the thing that told me: this man is not your friend.

Then one day, two of them arrived. And by the nervous body language from our regular guy, I could tell that he’d brought no less than the very messiah of Pru-men; a big game fisherman if ever there was one.
“How are you, today… Mike?”

So, when a letter arrives to say my money is no longer required, that the relationship is over, and there’s no knocking at the door – that I am allowed to slip the net without even a suggestion of policy extension or increased premia - well I can only come to one sobering conclusion.

I’m now too old to insure!

I’m only fifty-two. If you assume I’ll get beyond a hundred – and this is certainly a key part of the game-plan – well then, I’m only middle-aged. But the insurance companies, it would seem, are no longer interested in my coin. Oh, I suppose there’s something out there for an old duffer like me, something that comes with a hefty risk adjustment and a measly pay-off. Okay, I'm that desperate, but where’s the fight? Where’s the game of cat and mouse? Where’s the guy in the sharp suit, the one who knows my name?

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