The 1946 American Christmas comedy-drama is considered one of the most loved films in American cinema. It’s a Wonderful Life is considered one of the most critically acclaimed films ever made. It was nominated for five Academy Awards including Best Picture and has been recognized by the American Film Institute as one of the 100 best American films ever made.
But many in the insurance industry have watched this film and have commented that even though miracles through others saved George’s financial crisis, he still had life insurance as a last resort especially if it was a whole life policy that had a cash value.
In the movie, on the day before Christmas, Uncle Billy loses eight thousand dollars that the Savings and Loan need which will now push them into bankruptcy. George Bailey begs for help and is mocked by Henry Potter, the town’s slumlord millionaire, refusing a loan. When Bailey tries to offer a 15,000 life insurance policy, Potter comments that he is worth more dead than alive which causes George to spiral further.
It talks about the worth of individuals and how they cannot really see how their lives contribute to others; a reminder for all of us when times in our lives just seem too much.
Thankfully, the film ends with believing in your courage, faith, family, God and friends which ends up making George Bailey the richest man in town.
Life insurance is more than just a death benefit for those that are left behind and it does not have to be just for you but can be purchased for a spouse, child or parent. You can also borrow from a whole life policy but it can reduce the amount your beneficiaries will receive when you die. What a great present to add to your Christmas list for your family.
Kathy’s father died unexpectedly when she was young on Christmas and had no life insurance. Her mother had to find a job quickly to support her and Kathy. Kathy’s mother had not worked in ten years so she ended up having to secure two jobs when Kathy was only 12 years old. Kathy barely saw her Mom and in adulthood, Kathy made sure that her own family was protected by having a life insurance policy to fall back on if the unexpected happened.
It can be a wonderful life as George experienced with the miracle of family and friends around the fireplace during the holiday season but can be even better with life insurance to protect the ones you love.