Every semester, JRC Insurance Group awards a $1,000 scholarship to the college student or high school senior that writes a compelling essay about why every family’s primary income earner should have life insurance.
After receiving and reading through almost 100 essays, we chose Brianna Clark as the winner of our Spring 2018 Scholarship Contest. Congratulations, Brianna!
Brianna is currently a sophomore studying Recreation at Western Washington University in Bellingham, Washington.
We’ve posted Brianna’s essay, “The Unimaginable,” below – check it out!
Finally, 3 o’clock. The final bell of the day rings and you scoot your chair back from your desk, gather your things, and start walking toward the bus. You get on, find your normal seat next to your friends and the bus takes off. After dropping a few kids off, the bus oddly slows down. You’re stuck in traffic, just another wreck on the side of the road slowing things down. Not much to see here and you keep talking to your friends until your stop comes minutes later. You get off the bus and begin walking around the corner toward your house. You look up from your phone as you near your house to find a cop car parked outside, lights flashing and car running. Suddenly your stomach drops, you can tell something is wrong. You walk through the front door and find the police officer talking to your mom; she’s crying. The accident on the side of the road? That was your dad, he’s dead. The unimaginable has happened. In a split second, the man that was the foundation of love and support is gone. The person you looked up to to show you what a leader looks like and what a leader acts like, the one you went to for advice in any matter of life is no longer here, now what?
Days pass and while the burden of his absence is still heavy, financial burden begins to bear down. Your mom is beginning to worry about where the funds for the funeral are going to come from, having to find a job soon, and how she is going to provide for her children as a single mom. All things that could have been avoided if only your dad had gone out and insured his life before it was too late and the unpredictable happened.
That is a situation no one ever wants to be in and a situation you never want to put your family in. When you go out and purchase life insurance, you are not only purchasing a plan but you are also purchasing comfort and peace for your family so that if you are suddenly no longer living, the additional stress will not be there. Your family will already be grieving the loss of your life, but then will begin to grieve the loss of funds.
The breadwinner is expected to be able to cover an abundance of additional expenses throughout their life. For example, when the time comes for your kids to go to college, tuition has to be paid for somehow. A college education is not only important for career choices but also important to enrich your child’s life and broaden their critical thinking. But if you pass on, then who will be there to give that privilege to your child? As a parent, you always want the best for your children. Not only do you want your kids to go to college, but you also want them to be financially stable after college. You do not want them knee deep and drowning in debt. Life insurance will help send your child to college if you are no longer able to provide the funds when you are no longer on this earth.
Life insurance is also important to pay off any debt you may owe. If you do not have life insurance not only will you be leaving your spouse with no income but you will also be leaving them with the money you owe. Life insurance can cover that remaining debt so your spouse is not left with the extra burden of your debt.
Not only does life insurance cover the money you didn’t have but it also covers the money you were going to make in the future. Life insurance can cover your family with the income they were expecting. Now they don’t have to worry about where money will come from to pay for their basic needs. They can continue to live the life you had all planned to live.
Life insurance also covers funeral costs. We have already talked about college expenses, left behind debt, and loss of income. Now imagine having to pay for a funeral on top of the other financial burdens. The average funeral in America costs $10,000, and typically no one has an extra $10,000 laying around for a funeral they were not expecting to pay for. Where is that money going to come from if you do not have life insurance to provide for it?
Imagine coming home from school today to your parent dead and no money to cover the expense of life because they did not plan ahead and purchase life insurance to cover the expense of the unpredicted. The extra stress of the situation is unnecessary. All of this would have never be an issue with life insurance. When you go out and purchase life insurance not only are you providing money, but you are also providing financial peace and comfort for your dependents.