Life insurance isn’t a pleasant thing to think about, and it may seem like an unnecessary expense. But if you have dependents who rely on you for financial support, then life insurance is really about protecting them in case something happens to you. Your designated beneficiary would collect a financial benefit upon your death.
Whether you are 25 or 55, a life insurance policy gives you the peace of mind that should the worst happen, you and your loved ones will be taken care of.
Youth minister Preston Newby and his wife, Tara, met during college and were soon married. After visiting their local insurance agent to purchase auto and homeowners insurance, they decided to look into life insurance policies. With a 19-month-old son and another child on the way, life insurance policies made a lot of sense in case anything ever happened to either of them. Unfortunately, this worst-case scenario became reality a couple of months later.
While driving to visit Tara’s parents, a group of cars up ahead of the Newbys slammed on their brakes and veered to the right side of the road. After coming to a stop, Preston hopped out of the car to find out what happened. One of the cars had hit an deer, and when Preston realized a passenger was bleeding, he ran back to his car to tell Tara to dial 911. As she reached for her phone, a car flew by and hit Preston, killing him instantly.
Thanks to the life insurance policy the Newbys purchased months earlier, Tara was able to pay off the family’s existing debt and provide for her two young sons after Preston’s death.
Even if you already have life insurance through your employer, you may be underinsured. Give us a call – we can work with you to ensure that there aren’t any gaps in your current coverage.
Mary is a lifelong resident of Michigan City. She graduated from Elston High School before going on to receive an Associate’s degree in Business from Vincennes University. Prior to joining GIS in 2005, Mary was employed as a Human Resources Administrator at Weil-McLain. Mary has been a Eucharistic Minister at St. Stanislaus for many years. She is involved in volunteer work with the church for various fund-raising adventures. Mary enjoys traveling, reading, and attending the many fine live theatre productions that can be found throughout our region with family and friends.
4/25/2019