I knew this older couple, he was in his late 60′s and she was in her early 60′s….they were not financially saavy and struggled to make ends meet for many years. He was stubborn and usually resisted good advice, like buying life insurance.
Finally an agent convinced him to buy as much permanent converage as he could afford, which at age 68 (depite being healthy) was $20,000…she was uninsurable with heart disease. Three years later (1994), he was diagnosed with a brain tumor and passed away. That life insurance was all the money the widow had, as there was no retirement, no pension, and no savings.
And for the rest of her life (she lived 6 more years) her 2 oldest children each contibuted to paying her rent, assisting with living costs, etc as she sparingly used the life insurance proceeds to make ends meet…When she passed away, they paid her final expenses.
This story is an example of how life insurance was there at a time of need, however little it was. But it’s also a story of an older individual whose age probably led most to believe he was ‘all set,’ but really was in need of help but didn’t have it until it was really too late to make much of a difference.
This story is close to home because it’s the story of my District Manager’s parents, and he was the agent who convinced him to buy as much coverage as they could afford when he became an agent back in 1991.
I share this story from time to time, and it’s time now. We have a responsibility…call it a burden, to make sure we all have enough life insurance.
Go to my website’s life quote page and request a quote today! I will give you 2 or 3 options that may fit your budget.
