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Some Spare Change?

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Some Spare Change? -

When I mention the words "life insurance", people tend to disperse more quickly than if I had a summary nature requesting spare change. And while the holidays are over and the ringers have all gone home, it is never too late to spare some change, especially for your family. As an insurance professional, I can rattle off statistics and data on the importance of life insurance, but I will not do it. Instead, I'll let the stories speak for themselves. I work with these three women and want to share their stories of "spare change." (I have changed their names to maintain their privacy.)

Erin came to work for me, so it was in high school. She had moved to the Chicago area to Memphis four years earlier, not because it has chosen, but because "life happened" and the choice was made for her. While driving home from the funeral of his grandfather the day after Christmas, a drunk driver hit the car, she was head of killing both his parents. She and her two brothers went to live with their aunt and uncle, who already had three children. Their family has doubled overnight and so did the responsibilities. But because his parents had adequate life insurance, Erin and her brothers were able to stay together and have been "spared Change" miss all the positive things that the future held, such a college education private. Of course, nothing can replace the loss of a parent, but Erin did not have to lose the future promising that his parents would have wanted for her.

Tammy came to work for me there about a year. She has no plans to return to the Chicago area either. Tammy lived in sunny Arizona with her husband of eight years. They had to take a share of the American Dream by starting their own business. Their business began to pick up as they settle into their life together. One night, though, Tammy awoke to find that pre-existing cardiac disease her husband had taken a deadly toll. Tammy tried to save him while calling 911, but there is nothing she could do. He died on April 15; he was in the life insurance eligibility Tammy May 17 was left with business loans, a mortgage and no life insurance. In the midst of grieving the loss of her husband, she had to make the difficult decision to move out of the house they had built together. "When he was able to get life insurance, he did not think he needed it," said Tammy. Tammy has not been "spared change" in his life. When I asked Tammy what she would say to the people of her experience, she said firmly: "Even if you do not think you need life insurance, you do"

Anne, a. brilliant mind worked for me while getting his college degree. Always smiling, she was the kind of person who lit up a room. Anne had spoken of herself for a life insurance policy for a . while She said: "My parents think that I do not need," but decided to do politics anyway. Ten days later we have completed the application, Anne died in a car accident. Political life has been validated. A few days after the accident, I spoke with Anne's mother, who said: "If there was not this policy, we would not be enough money to bury my daughter." Anne was a 22 year old woman with no children, no husband and no major assets. However, thanks to his choice, she managed to "save some changes" to her own parents.

How will you spare some change for your family in 2011?

Beth Budreck, CLU, has a BS in Finance and has been running his agency Chicago area State Farm for over 21 years. She is married with two children, a boy who is 7 and a girl who is 8.

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