Term Life Insurance Tips & News
A 360 View of Life Insurance
Dakota
Reading articles that discuss the importance of and need for term life insurance is one thing, but it is a very different thing to witness it first hand.
I have personally seen the dramatic effect that a loss of a child can have on a family. My sister had 4 very health and happy children. She was living the American dream with baseball games and family outings. At one of those Saturday ball games in May, 2004, her youngest son started to have major breathing issues and was rushed via ambulance to the Children’s Hospital in Ft. Worth. Unfortunately he never left the hospital.
The whole family was devastated.. How could a healthy, happy 5 ½ year old boy just die? Two weeks after my nephew’s death the autopsy determined that he died of anaphylactic shock to a bee sting. He had a small scrape on his knee from a skateboard injury and was stung by a bee in that injury.
My sister was a registered nurse but at the time of my nephews death was a stay at home mother. Her husband had just been laid off work two days before her son’s death. When my nephew died, my sister, her husband, and her children’s lives were changed forever. Like most people, my sister and her husband lived paycheck to paycheck with very little in savings. My sister was forced to go back to work within 4 weeks of her son’s death. As I mentioned my sister was a registered nurse and the only job that she could get at the time was working at a children’s hospital as a charge nurse. Not only was she forced to go back to work to support her family, she was working in the same hospital that her son had died. I could not imagine how she did that everyday. She was never fully able to grieve and take the time that she needed for herself or her other children
I have asked my sister how she ever went back to work and was able to function during such a painful time in her life.
Her answer “I have three other children and a husband that are counting on me. We all lost a very important part of our hearts and that will never change and I still grieve everyday. I went back to work because I refused to change their lives even more by losing everything else familiar to them. If I did not go back to work, we would not have any money to pay bills and would have lost our home. The children would have to move away from everything they were familiar with and the friends they needed to help them feel normal. When you are a parent you just do what you have to do for your family.”
Medical expenses and funeral expenses alone were over $30,000 for my nephew. Luckily his grandparents had taken out a small term insurance policy on all of the grandchildren and the small policy was enough to cover just the funeral and medical bills. Family helped with day to day expenses but it still was not enough to help my sister stay at home and take the time she needed. She had to have a job to pay for a mortgage, car payments, and necessary items for three children.
After watching what happened to my sister and her family, I went out and bought life insurance policies on all three of my own children. I am not covering them with the assumption something will happen, but if it ever did, earning a living is one less worry I would have. I would have plenty of time to stay at home with my family and grieve the way I want to without worrying if all the bills are going to get paid. I will have time to take care of what matters most, my family, not my creditors.
Take some time to discuss your family’s situation with your agent.
Stephanie
@ Insurance 360
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