Insurance & Assurance

insurance policySome years ago the Church of God General Conference printed a tract called, “Do you prefer insurance or assurance?” The back of it reads, “The gift of God’s Son provided us with assurance that begins where insurance leaves off. Study of God’s Word reveals that that gift not only lets us hope and work for future eternal life, but lets us enjoy peace, happiness, and contentment now as well. The assurance of faith is insurance against despair.” Various scriptures, which I will later share, were printed that include the word “assurance.”

After reading the tract, I was curious to know the differences and similarities between insurance and assurance. I found that life insurance was originally limited for a certain amount of years or time as mentioned in the policy according to the contract between the company and the insured. These days, insurance can be purchased according to the premium for a longer period or until the death of the insured. Assurance, on the other hand, has a slightly different meaning. It is intended to put one as ease, to give confidence to someone and give them a sense of security. It’s a guarantee or surety that lasts an entire lifetime.

Interestingly, just as there is life insurance there is also such a thing as life assurance. One can purchase a Life Assurance policy for a guaranteed amount. If the insured dies during the term, that amount or the value of yearly investment bonuses is paid out to the beneficiary. Assurance policies increase the value of the investment sum.

Nowadays, insurance companies used “insurance” and “assurance” interchangeably. In fact, one may not only purchase either one or the other but a mixture of both, as well.

For more info see:

http://www.differencebetween.info/difference-between-insurance-and-assurance

With the explanation of the words in mind, we go back to the tract that says, “The assurance of faith is insurance against despair.” Just as insurance is meant as a protective measure, so are believers under the protective measure of God’s holiness, love, and truth. His holiness provides the coverage of moral excellence, purity, and wholeness (Leviticus 11:44-45; 19:2; Psalm 99:3, 5, 9; 1 Peter 1:15-16).  His love provides the coverage of mercy, grace, and lovingkindness (Exodus 33:19; Psalm 63:3-4; John 3:16; Acts 17:11; Ephesians 2:3-5). His truth provides the coverage of reality, stability, and certainty of an abundant life (Psalm 31:5; 146:6-8; Daniel 4:37; John 10:10; 14:6; Titus 1:2; Hebrews 10:23).

Christ paid the premium with his own blood to insure our lives with God’s protective measure. “In whom we have redemption through his blood, the forgiveness of sins, according to the riches of his grace,” Ephesians 1:7. (Also, Romans 5:6-8; Hebrews 9:14; 1 Peter 3:18). Since we’ve been bought with the price of Jesus’ blood, we are committed to live up to our end of the contract through true devotion to God, including our bodies (1 Corinthians 6:20).

Christ is our Life Assurance since he is our guarantee for setting our minds at ease, giving us confidence and a sense of security for a lifetime. Since we are well aware how easy it is to fall into the hazards of sin, we need this guarantee for strengthening our faith. Therefore, we need to “draw near” the Lord with this assurance in mind: “Let us draw near with a true heart in full assurance of faith, having our hearts sprinkled from an evil conscience, and our bodies washed with pure water. Let us hold fast the profession of our faith without wavering,” (Hebrews 10:22-23).

With Life Assurance in Christ, we receive peace and calm to find relief from fear and anxiety, not only for this life but for eternity: “The work of righteousness shall be peace; and the effect of righteousness quietness and assurance for ever,” (Isaiah 32:17). “Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me,” (Psalm 23:4).

Because God raised Christ from the dead, we are assured that a day has been appointed when his Son will return to bring perfect justice and give eternal life to all who believe:  “Because he hath appointed a day, in the which he will judge the world in righteousness by that man whom he hath ordained; whereof he hath given assurance unto all men, in that he hath raised him from the dead,” (Acts 17:31).

God’s Word is the Source for learning about the assurance that Christ gives us: “Continue thou in the things which thou hast learned and hast been assured of…All scripture is given by inspiration of God…that the man of God may be perfect, thoroughly furnished unto all good works,” (2 Timothy 3:14-17). We consult that Source to know more about the One who gives us the assurance that fortifies our faith and the insurance that delivers us from despair.

When it comes to insurance and assurance, we as believers can truly appreciate the benefits of investing our lives in Christ for a lifetime, now and forever.

Here’s one of my favorite hymns for you to enjoy, Blessed Assurance:

http://www.youtube.com/watch?v=7IUMTJoH-PQ&feature=player_detailpage

Good News to you!

Pastor Michael

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