George Clooney and Clara Bix
Life insurance agents usually share fictional stories about how life insurance can help with the financial need of a family after the death of the bread earner. Fortunately, many families have felt the effect of life insurance after the death of the breadwinner of the family. The real-life below is from the life and health insurance foundation for education. An NGO to help out Americans regarding ownership of life insurance:
George Clooney was a young electronic technician, recently married, when the unthinkable occurred: He was diagnosed with untreatable lung disease. George had to turn to disability insurance for his wife and two daughters’ daily essential expenses as his health started worsening from the illness.
In a feature story for the Foundation for Education (LIFE), a not-for-profit fund that helps consumers make witty insurance decisions; Clara recounted that struggle.
But George’s health stabilized over the next 20 years as she says the initial news was bad. Clara says George kept his family at home and his daughters enrolled in a reputable private school.
However, George wasn’t destined to withstand the good fortune. The family got more bad news when his health turned worse. To remove a cancerous kidney tumor, Clara would need surgery.
George succumbed to his illness following her successful operation. However, although the family might have fallen into difficult times, crucial decisions by George helped keep the family afloat in this challenging situation. George had paid additional fees for doubling the coverage; thus, the Bixes could enjoy the same lifestyle before he passed, despite his untimely death.
According to the source, Brittany was so grateful for what insurance has provided her family that she plans to continue her career as a licensed insurance agent. Hoping that more families can benefit from financial security.
David and Lisa Hobson
The personal life insurance videos of the Life and Health Insurance Foundation for Education (LIFE) reinforce the significance of these policies explicitly and positively. Families shattered by a loved one’s death need any support, and a life insurance policy is a perfect way to ensure financial stability.
One story by LIFE focused on the American couple David and Lisa Hobson. David was an AT&T producer whose income was handsome, but complications began to happen when he noticed that his hand was starting to weaken. Unfortunately, he was diagnosed with Lou Gehrig’s disease.
It can take years to develop this degenerative neurologic disorder, and over time David is steadily less able to work. But David began to put his life in order before and during this time, including the purchase of a life insurance policy to enhance other policies he received from
AT & T. When David died in 2019, the Hobsons were wrecked, but credit goes to their plans; they were able to recover financially.
David’s death benefits combined supported Connie and the daughters of the couple to spend enough money both to prepare for the future and settle some of their current debt.
Liam said he understood the significance of life insurance at a young age in his interview with the Life and Health Insurance Foundation for Education (LIFE). When he was seven, his mother died of cancer. His dad had three kids brought up alone. Although his mother was not the wage-earner in the house, life for the family was difficult due to his mother’s absence. Liam told the foundation that his father would have used the money to recruit someone to keep the household’s matters if his mother had bought a life insurance policy.
Liam had no other opinion but to buy a life insurance policy for himself twice because of his childhood experience.
As this tale shows, it is always difficult to lose a loved one. But it can be financially better if your family takes the right steps.