Risk Management = Insurance

One of the most difficult issues in dealing with economics in the biblical text is that nowhere in the Bible does God advocate for greed. Conversely, Jesus, and the Apostles, advocated against material wealth: "Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal, but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal. For where your treasure is, there your heart will be also" (Matthew 6:19-21 ESV). The implication is that only humans enter into heaven therefore material possessions are irrelevant.

This is theologically sound but philosophically problematic in a modern secular world where materialism is worshipped as the greatest good and greed is ubiquitous. Moreover, in various places during the foundation of the first-century church, many parishioners were liquidating their assets to contribute to local faith-based communities (Acts 2:45). Charity is a great source of managing wealth and we strongly recommend the selfless act of giving.  Insurance is also a great product for protection, the right insurance protects you, your family, your assets, and your legacy. 

Insurance is a great opportunity to leave your loved ones with blessings and provisions. Beneficiaries of insurance policies can range from family to friends, to churches, to para-church organizations, to community outreach centers. Utilizing insurance to bless your community is a wonderful and biblically sound product to protect your family and estate and help those in need. Providing protection and relief in the event of great loss is a mature and responsible method of using money to protect and serve saints in the Kingdom of God.