Friday, April 4, 2008

Shattered Dreams Caused By Life Insurance Complacency

Margaret Donaldson sat in the living room of his smart-3 bedroom house near the Fulham Road in London. Her eyes were watery and her hands shook as she finally signed the documents for the sale of her house, the very house where her life, her dreams and hopes have accepted root.
She remembered when, almost ten years to the day, when it is a receptionist in a small company marry Michael, who was Sales Manager of the company. She remembered his wedding, the vows, her friends, her relationship, everything. Her honeymoon with life only begun.
It It seemed only yesterday when Michael had grabbed her arm and carried her in this very house. Michael was so charming, fun and full of energy, and never a dull moment in Margaret & 39; s life.
Margaret remembered the days when she brought her two sons, David and Jonathan, in their lives. She remembered the joy of raising her two boys, and about how Michael helped it in their parenting every step way.
Michael was a good husband and a great father. He spared no expenses to ensure that his sons went to the best schools, he has worked overtime to pay off the mortgage on their modest property. He has done everything in his power and the ability to save his family happy. Margaret has never felt the need to work or she develop any new life skills.
And that of the blue, Margaret lives have changed forever. Michael was diagnosed with an aggressive type of cancer. The hospital did everything possible to cure him, they tried chemotherapy, radiation, etc. Nothing helped, and within a month, Michael has died, leaving his relatives behind.
And that when Margaret honeymoon in life really ended.
Whenever any bread winner in the family died, it all comes down to money. Michael is not protected financially, and himself has no health insurance, no life cover. He would always felt that he was too young, and it would be something he would prefer to bypass. He did not leave much behind. In schooling and living expenses ate his salary and all that was left was the house. Same place where Margaret lived his life, and now she was forced sell.
Margaret had to sell the house to pay debts. School fees were explained. Then is that Margaret had a loan from a friend to pay for burial expenses. After what has been in daily life expenses. I was not one to provide for house.
If only Michael gave to his family in defending themselves in life insurance. What would have been different today. Margaret would not have had to sell the house and move into an unfamiliar area to buy a cheaper property. And her sons to be exposed to the harsh realities of life at such a tender age.
Her eyes still wet, Margaret signed the act of sale. She sold the house for a little less than 300,000 pounds. She would now use half of that money to buy a small 2 - bedroom semis and the rest to pay hospital bills and other debts. What little was left has been deposited in bank.
Margaret life was starting all over again. A life where it is necessary to work where it is necessary to learn new skills and life, which will never be the same Margaret again.
That was tragic history. And all of you know, this could be the story of thousands of you Britons.
If financial responsibility for the other, you need to understand that anything can happen in life, and you must be prepared for any developments. You owe it to your family, for those who stayed behind, just in case the worst happens. You must be at protected
About Author
Luke Ashworth writes for Protected.co.uk, offering views of life insurance in the UK, visit www.protected.co.uk today, and compare life insurance plans in a few minutes.



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