Don’t Leave Your Kids Holding the Bag
Kelly, a single mother, always thought it would be a good idea to buy life insuranceto protect her children, but something always seemed to get in the way.
Money was tight, or time was tight and she just never got around to it.
Years later, Kelly purchased a small home; her daughter was then 18 years old and
her son was 14. While she didn't exactly live paycheck to paycheck, her budget
was pretty tight and didn't allow her much room for savings.
One night while driving home from work, Kelly was struck head-on by a distracted driver.
She died instantly. While Kelly’s children were forced to deal with the tragic loss of
their mother, they also had to face the fact that she left behind only a few thousand
dollars in the bank and no life insurance, leaving them essentially broke after covering
the cost of a very basic funeral.
That is why life insurance is important. Nobody knows what is coming around the corner.
If you die unexpectedly, you can leave your spouse or children in a very tight spot.
Term life insurance is extremely affordable.
A 20-year policy with a death benefit of $500,000 for a healthy female can cost as little
as $25 a month.
- Jessica Huneck
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