An Amazing Gift

ByArmando Paz Jr.

Shane Donaca’s motto was: Go hard or go home. And he brought that passion and intensity to every aspect of his life, from racing motorcycles to building a large commercial construction business, to spending time with his wife, Kim, and their three children.

Because so many people depended on him, insurance professionals wanted to ensure that Shane had adequate life insurance coverage. They sat down to construct a plan that included a combination of term life insurance, to cover immediate needs, and whole life insurance, to help Shane accumulate cash value over the long term and gain lifelong coverage. As Shane’s life moved at the speed of light, it was difficult to get one-on-one time with him. So their insurance agent, who had become a family friend and also shared Shane’s love of motorcycles, went with him on a trip to a regional motorcycle race so they could spend some time together. It was there the agent was able to shore up the insurance planning with Shane’s signature. Shane’s intention was to sell his motorcycle at the gathering.

Having suffered a motorcycle accident just months earlier, he had made the decision to scale back on his riding and racing. Unfortunately, on his way to sell the bike, he hit an embankment and suffered fatal injuries. Although Shane had signed his amended life insurance contract just 12 hours before his death, his family received the full death benefit.

Kim was able to pay off all the company’s debts and still has the money the family needs to continue their life financially. Life insurance is an amazing gift, says Kim. I don’t have to lie awake at night worrying about money or about getting another job so I can put another child through school.

This story underscores the fact that no one can predict what tomorrow may bring, so the best time to get life insurance is now. To get started, contact us today.

Note: This hypothetical example is for illustrative purposes only, and its results are not representative of any specific investment or a mix of investments. Actual results will vary.

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