For your love ones
Filed Under: And Think @ November 22, 2009 | Comments Off
When my friend’s mom died, he thought he would have a hard time coughing up enough money to fund her wake and burial. Luckily, a good Samaritan, his boss, lent him some. All he needed to do was pay for it in installments after the burial. It turned out my friend need not work hard to pay for the money he borrowed from his boss. His mom had a life insurance and he is the beneficiary. In fact, his mom got four life insurance policies taken out years and years ago and was fully paid way before she got sick. When my friend got the lump sum payments from the insurance companies, he was able to pay for the money he borrowed in full plus he was able to save a big chunk of it.
Such is the benefit of having a life insurance. You are assured that when you pass away, your love ones won’t have problems getting back on track.
