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What if this had been your family?
Bill Hobson led a very active life, so it was shocking when Lou Gehrig’s disease robbed him of his muscle function. His wife, Connie, and their three girls cared for him until he died from the disease. Bill’s greatest wish was for his family to be able to go on and live in a similar fashion. The life insurance he had purchased through work and on his own made sure that happened. “It’s bad enough losing someone, but then having to worry about how you’re going to make your mortgage, put food in the fridge or gas in the car?” says Connie. “It’s a tremendous relief not to have to worry about that. Life insurance has really made a difference in our lives.”
Would your family be financially okay if something happened to you?
LIFE INSURANCE AWARENESS MONTH
Bill Hobson met his wife, Connie, at a softball game in 1986 when she went to watch a friend play, but ended up watching Bill instead.
When Bill developed a weakness in his right hand in 2003, he and Connie thought it was a judo injury. It wasn’t, and his doctors delivered the devastating diagnosis: Lou Gehrig’s disease. Bill continued to work for several more years as a product demonstration specialist at AT&T, but eventually had to retire.
The last year and a half of Bill’s life was especially difficult, as he lost much of his muscle function. Ultimately, he had difficulty breathing and could not feed himself. The Hobson family rallied. The couple’s daughters, Carleigh, Paige and Cari, took turns caring for him between classes and work; Connie did the same during her lunch hour at a dentist’s office. Bill finally succumbed to the illness over Thanksgiving weekend of 2009.
But Bill’s illness and passing didn’t devastate the family financially, thanks to insurance planning. Short- and long-term disability insurance benefits through AT&T helped the family make ends meet when Bill could no longer work. Through a group life insurance program, his company provided one times his annual salary in life insurance benefits, and Bill bought supplemental coverage to increase the benefit to three times his salary. He also had an individual life insurance policy that he purchased on his own.
Financial representative Jim Loken, ChFC, FIC, helped Connie turn the death benefits from Bill’s various policies, and his pension and 401(k), into an income stream. It has helped Connie remain in the family home, and take an occasional vacation with the girls.
“The goal was to live a similar lifestyle to what we were living when Bill was working,” Connie says. “Not fancy, but comfortable.”
For more information on Life Insurance Awareness Month, or to get a quote on a life insurance plan for you and your family, please contact the professional and experienced independent insurance agents at Mountain Lakes Insurance by calling 770-926-9444 or contact us online. Also, see our website for more information on life insurance.
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