I recently started selling Life, Auto, and Home insurance, and the first question I received was, “Are you going to quit Fitz in The Morning.” So let me answer that quickly with a no way! I’ve been working with Fitz off and on for 15 years, and we have more fun before 9:00 a.m. than most people do in an entire day. However, I have always been interested in the insurance business and truly believe that good insurance should be at the top of everyone’s list of priorities. More specifically, let me tell you when I realized the importance of life insurance.
It was almost exactly 5 years ago when I contacted my good friend Matt about selling both my wife and I some life insurance. We went over our options and I signed my papers, got a little blood work, and received a $750,000 20 year term life insurance policy. My wife on the other hand procrastinated, and yes I have her permission to tell you this story. She put it off despite Matt’s persistence and my nagging. And one day she had a dermatology appointment to get a mole checked, and within days our life was turned upside down. She received a diagnosis of stage two melanoma…the most deadly form of skin cancer.
The life insurance policy setting on the table unsigned did not cross my mind, but my wife thought about it almost immediately. At that moment all I could think about was the possibility of losing the love of my life. But I want to be honest, the life insurance policy did cross my mind eventually, because I had to face the reality that I could be left alone to raise three children. Who would help me get them to school in the morning? Who would pick them up from school if I had to work late? And if I found someone…how would I afford to pay them for their help? Should I quit my job and consider moving closer to family to get some help? Unfortunately, I haven’t saved money like I should have throughout the years, and so on top of the heart break and stress of losing my precious wife…I had to pile on the financial concerns as well.
Once cancer or another major medical diagnosis has been made it will likely make it impossible to purchase life insurance for at least 3 years. Yes, after someone has been in remission for three to five years it is possible, but the price will not be nearly as affordable as it was during the healthy years. I’m obviously thankful that Amy has been in remission for nearly 5 years now.
I truly hope that you are a “glass half-full” type of person, because that makes life a whole lot easier, but as one wise man said, “Expect the best and prepare for the worst.” For the price you spend monthly on one good meal you can make sure you are prepared.
- Tony Russell, Mumma Insurance, Bellevue