Friday, December 9, 2016

How Much Is Your Autograph Worth?




Imagine that your job is to climb into a six million pound rocket ship and fly it about a half million miles, to the moon and back. Now imagine that you've got a family on earth that you love and need to protect from the hazards of your job. If you want to buy some life insurance, just in case you don’t make it back, you can't just walk into an insurance store like mine and buy a policy "off the rack". "A $50,000 life insurance policy? Sure, that will be just $49,999." That was exactly the challenge that faced the Apollo astronauts, the group of outstanding individuals who were the first humans in history to journey to the moon and safely back to earth.

It is believed that as early as when the original group of astronauts, known as the Mercury Seven, realized that they needed to protect their families from the occupational risk of dying in a rocket ship they knew that buying life insurance just wasn’t an option. They had to apply their creative intelligence to a very practical problem. Instead of buying life insurance, which, in reality no company would sell to them, they came up with an innovative solution to their problem.

It is hard to convey to someone who wasn't around in that era exactly how famous the early astronauts were but they were easily the most famous men in the world. You couldn’t pick up a newspaper or magazine, you couldn’t watch a news broadcast without hearing about their exploits. They made history with every mission. The seven members of their elite group were culled from an original group of 508 military members, mostly combat veterans and test pilots. They were put through the most rigorous screenings and testing in the history of aviation. You couldn’t get much closer to Superman than an astronaut.

So what was their brilliant substitute for life insurance? The astronauts autographed the outsides of hundreds of envelopes and made sure to have them postmarked on the dates of their launches into space. They knew that if something happened to them those autographs would be worth thousands of dollars each and that their families would be financially protected. Today those envelopes sell at auction for up to $30,000 apiece. Brilliant! 

If your autograph doesn't carry the same value as the early astronauts chances are that we can get you a little better deal on life insurance than an astronaut could get in the 1960's. In fact life insurance has never been a better value. In many cases just tenths of a percent per thousand dollars of coverage....about a dime a month for a thousand dollars of coverage if you're in your twenties or thirties, a bit more if you are older.
 
Back to outer space for a moment. The Mercury Seven astronauts were one of the most outstanding groups of men in the history of the United States. They were so renowned that boys and girls knew every one of their names and life stories. There were even trading cards with their images and "stats". At the pinnacle of this group was John Glenn. I have written about childhood heroes before and most of us had our own, usually local ones, often sports heroes. But John Glenn was everybody's hero. Not only was he brilliant and physically capable of everything demanded of an astronaut but he led an exemplary life and went on to become a distinguished United States senator, a one-time prospect for president of the United States. President Kennedy realized that he was so symbolically valuable to our nation that he grounded Glenn from future missions in space for fear that we would lose our greatest American hero.

Earlier this week John Glenn passed away at age 95. Immediately before launching his mission as the first American to orbit the earth in a space ship named Friendship Seven, another Mercury Seven member, Scott Carpenter picked up the microphone at Mission Control and spoke these words to his good friend, "Godspeed, John Glenn." Indeed, Godspeed, John Glenn, America and the world thank you for your service and your shining example. I don't think anyone like him will ever pass our way again.

Thanks for reading. 


Sincerely,
Alan Leafman, President
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