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Life Insurance: What it Really Means to Your Family

Sep 30, 2017 7:00:00 AM

You’ve worked hard for years, have provided well for those you love, and you have big dreams for your future. Over time, with a great deal of love and care, you are crafting your legacy.


But your legacy is hanging in the balance.


Life Insurance in Action


Consider the true experiences of two families who were touched by tragedy, and how the decision to protect the family with life insurance impacted what they were able to pass on to their family.*


Jamey and his wife Robyn shared their passion for stock shows and rodeos with their daughters, Hope and Jordyn, who loved to participate in the sports. Tragically, Robyn lost her eight-year fight with breast cancer at the age of 37. In months that followed her death, life insurance did what it was meant to do: pay for medical bills and final expenses, and allow the family to continue living in the home they shared together without financial concerns. Jordyn has also been able to pursue her rodeo riding, which has brought her comfort through the tragedy. Jamey says that when they originally got life insurance in their 20s, they never expected to use it. But he was strongly affected by the decision to properly insure the family. He says, “You’re never too young to get life insurance, because you never know what will happen. Make sure you take care of your family, so if something does happen, they won’t struggle.”


On the other hand, there are children who are affected by their parents’ non-decision to properly insure the family. Kiristen, a medical student, had that experience. Her father Kenneth passed away when she was only 4 years old. She relates, “My two-parent, two-income household was no more. In the blink of an eye, my brothers, sisters and I were fatherless and being raised by a grieving single mother.” Her parents had talked about getting life insurance, they never followed through. “We thought we had a lifetime to do that,” Kiristen’s mother says. Because the family was not properly insured, it didn’t take long for the financial hardship to reach their day-to-day life. They found themselves forced to move when they could no longer afford the rent. Given that the family has lived paycheck to paycheck, it has been hard to save for medical school, so after-school jobs and financial aid help Kiristen on her path. Her words are powerful; “Life insurance would have given my family stability. It not only gives you peace of mind, it provides for your loved ones after you are gone.” Her mother echoes that sentiment with this advice to other young families: “Don’t wait to get life insurance. Tomorrow isn’t guaranteed.”


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The Emotional Value of Life Insurance


When you look at things from a financial perspective, you know the purpose of life insurance. Your family will be financially protected if you are no longer there to care for them. Consider though, the emotional protection that it can provide to both you and your loved ones.


When we suffer the loss of a loved one, we draw comfort from reflecting on the time we spent together – our memories become very precious to us. A critical way to protect and preserve those cherished memories is to remain in the home where they were made. Having the ability to stay in the home you shared will ensure some measure of stability and prevent more emotional upheaval for your loved ones. Proper life insurance coverage can provide this stability and protection for your family. Imagine the sense of relief they will feel when they realize that they will be able to remain in the home they love.


Life insurance is powerful in other ways as well. It will allow the dreams that you have for your family to come true. It can help pay off debts and cover ongoing expenses. It can provide the means for your children to go to college and your spouse to retire comfortably. It can allow your family to live the life you wanted them to have. In short, life insurance can protect the legacy you’ve worked so hard to build for your family.


Happily, you don’t have to choose between a financial and emotional safety net for your family. The proper amount of life insurance provides both - so you can have peace of mind that your family will be truly protected.


But how much coverage do you need? If you haven’t had a life insurance review in several years, or if your income or expenses have changed significantly, now is the right time to discuss your options with TMA Insurance Trust. Our advisors don’t work on commission, so there is no obligation or sales pressure - just trustworthy advice from an insurance professional who wants to protect your future. Reach out to us, and we can help you determine the right coverage for your exact situation.




For over 60 years, TMA Insurance Trust advisors have been serving Texas physicians, their families and staff. TMA Insurance Trust prides itself on offering unbiased information and strategies to members, along with exclusive group rates on a range of the highest-rated plans in the industry.


Want to speak to an advisor? Complete the form below and we will reach out shortly.


* These real-life experiences were collected by Life Happens, a nonprofit organization dedicated to helping consumers take personal financial responsibility through the ownership of life insurance and related products.

Topics: Life Insurance, Disability Insurance

Posted by the TMAIT Team