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Life Turns on a Dime. Protect Your Loved Ones with Life Insurance.


Posted by Jose Alfaro

I’m a small business owner and entrepreneur and I had a situation that happened recently that really blind-sided me. In November 2014, my ex-husband and father of my 26-year-old son passed away suddenly and completely unexpectedly. He didn’t show up for work one night (he worked graveyard shift) and after the second night of him not showing, the police were called and he was located in his car, on the road he would have been taking to go to work, slumped over his steering wheel, deceased. An autopsy was done, but it was 12 weeks before we learned what took his life. He died from undiagnosed diabetes. He had Type 2 diabetes and didn’t know it and untreated, it killed him. This was such a shock! He died 3 days before his 50th birthday.  I did not plan on this at all!  I was 9 years older than my ex.  I never thought the day would come when I would have to bury him.  I always just assumed he would be burying me with our son by his side.  You don’t ever really think something like this can happen and you certainly aren’t prepared for it!

There were a couple of things about this situation that made this a particularly difficult time for me. My husband and I were not together. He and I were married for 17 years and mostly stayed together for the sake of our son and to support him getting his green card (he was originally from Jamaica). We eventually parted and went our separate ways, but remained the best of friends. When he passed away, the duty of dealing with the coroner and funeral rested with me. The thing was that 3 weeks before my husband died, my grandmother passed away and I had to manage HER funeral and it was costly. Many family members came together to support us financially and we were able to have a beautiful ceremony but it tapped everyone’s savings and we were still recuperating from this financial strain when my ex-husband died and there we were again, making requests for support when we had just made the rounds 3 weeks before! It was one of the most difficult times of my life.

One of the things that made this difficult period of time more manageable was that my ex-husband had purchased life insurance. He made my son the beneficiary. Fortunately, the mortuary was willing to bill the insurance company for some of the expenses and we were able to have a beautiful ceremony for him as well. But this got me to thinking about my own arrangements. Now my son had lost his father and he and I were strained, almost to the breaking point, arranging his funeral. Thank goodness his father had the foresight to purchase life insurance. It was only $15,000 but it made a huge difference in organizing the burial. My grandmother also had life insurance. She actually had two policies. However, one policy was for $1000 and the other policy, which was originally for $5000, ended up paying off only $1,200. The company had apparently reached out to her and she never responded and the policy was devalued and therefore we ended up paying for her funeral out of pocket. An average funeral will easily cost anywhere from $10,000 – $20,000. This would depend on the day of the week it is taking place, cost of the coffin and any other elements to the ceremony. This cannot be avoided. All of us face this sooner or later.

This really got me to thinking about my son and my life. I had no life insurance. My grandmother had tried to make final arrangements but because she didn’t keep current with it, the policy was de-valued and the financial burden rested with my family. I didn’t want that. My son no longer had his father and if I were to suddenly pass away as his father did, he would be forced to deal with my arrangements at the same time as he was grieving the loss of his mother! At the same time, my son had to take his inheritance, the money his father tried to provide as some kind of legacy for his son, and use a portion of the money to bury him.

At the age of 58, I realized I also wanted to leave my son an inheritance, while at the same time, make sure there was insurance available for my final arrangements. It really isn’t easy to contemplate this. No one wants to think about their own demise. But I didn’t want my son worrying about what to do while he was still reeling from my death, whenever that might be! Whether it is next month or next year or 20 years from now, the impact on his life would be profound.

So I started doing my homework and came to Jose Alfaro of INSURENEX to support me in getting final arrangements in a life insurance policy that was whole life and would absolutely cover my expenses for my burial while at the same time leave some money to help my son during his time of mourning. This was a difficult decision. Of course, I knew about life insurance. I had always related to it as something I would get one day, but couldn’t afford right now. Suddenly, it became obvious that I couldn’t afford NOT to have life insurance! Thank goodness I had an expert who could walk me through all the different types of insurance that you can get and the amounts; even for people my age, and without having to go through a physical or medical exam. For a reasonable monthly rate, I now have peace of mind around my final arrangements that a few months ago, was not available to me.
Life insurance is affordable. You should reach out and have a conversation to find out what options are available to you. Life insurance gets more expensive as you get older. Don’t wait, get yourself insured now! For the sake of your family! Peace of mind for you and your loved ones is priceless. Don’t put it off another moment!

I learned in November 2014 that life is not promised to anyone but you have everything to say about the quality of your life and that of your loved ones. Take action now to make sure they have what they need to manage your final arrangements.

Pamela Heath
Strategic YES Training, LLC

Categories: Entrepreneur,Final Arrangements,Life Experience,Life Insurance,News

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