Clear on Top

Recently, someone very close to me suddenly died from a mysterious infection.  He was age 32.  He left a young wife but no children.  Much to my surprise, he passed away with no will and no life insurance. 

Because this young man was extremely well educated with two professional degrees, I just assumed that he would have done a better job taking care of detail.  Now that the initial emotions have passed, I have tried to learn from this experience.  No not for me, but for other young people. 

In fact, it has become a bit of a campaign to inquire into the personal life of almost every 20 or 30 something that I meet.  My question is; Do you have a will?  Amazingly, more than 80% of my questions are answered with a “NO”.  Most will say, “I have thought about it.”  Or They will say, “It is too expensive. But, I will get to it as soon as I have the money.”

 I then ask, “Do you have any life insurance that will provide for your family in the event you meet with an untimely death?”  Usually the answer is “NO.”  The cost of life  insurance for a young person under the age of 40 is almost insignificant it is so cheap.  We are talking $20 to $40 per month for $500,000 to $1,000,000 in term death benefit.  (Obviously, this varies with age and underwriting questions.)  That is enough money to care for a young wife or to raise and educate your children.   

Please join me in my campaign of educating our youth.  They are young and believe they are immortal.  Believe me, that may not be the case.  The next time you are in the company of a young person or group, ask the question; Do you have a will?  You will be amazed at the answers you get.  You could just save a young person some real difficult times.