I recently heard a story from a friend of mine who is also an Insurance Agent. I wanted to share it with you to help stress how critically important having the proper Life Insurance coverage for your family is.
Last spring, tragedy hit very abruptly. My friend’s agency had quoted a customer and his family for a Life Insurance policy that would have cost them less than what an average cup of coffee costs per day. The husband had come to the agency to talk about increasing his Life Insurance coverage (he already had a very small policy through his work in place, but not sufficient to fully protect his family), but decided he needed to wait and speak with his wife about the decision first.
That was a Wednesday morning. Saturday afternoon the husband was driving, and his car was hit by an oncoming driver who crossed the center line on a two-lane road. He was killed instantly, unexpectedly, and of course, very tragically.
As a result of all the family’s bills and costs after the husband’s death, on top of losing her husband and children’s father, the wife was forced to sell her home to get an apartment. The children were taken out the school they had always gone to, leave all their friends behind, and move across town. Not to mention, going from a stay-at-home mom to a full-time worker for the first time in years, as the husband had been the family’s only breadwinner. Stories like this one do not have happy endings, nor do they have the financial stability to allow the family to properly grieve and try to continue living their lives as normally as possible after their loss.
While it is easy to overlook, life insurance is an absolute necessity to protect yours and your family’s financial future. Life insurance is a necessity that you need today to help you prepare for tomorrow. In the event of a tragedy, life insurance can help make an extremely difficult time just a little bit easier, giving your loved ones the financial security, they will need.
Your family can use a life insurance payout to cover your mortgage or other routine bills that may burden your family while they recover from the loss. It can also help finance the future needs of your family, stepping in to cover the costs of college or your spouse’s retirement.
Even if you already have a life insurance policy, please consider reviewing your coverage this month to ensure that you have the proper policy for yours and your family’s needs. Many big life events, such as having children or buying a home, can affect your life insurance needs, and we’re here to help make sure you’ve got the protection you need, no matter what life throws your way.
September is Life Insurance Awareness month so give us a call or come by the office this month to make sure you have the proper insurance you need to protect yourself and your loved ones.