Steve and Jo were first introduced to their Insurance advisor by a mutual friend in early 2000. At the time they were both working in high level corporate jobs with good salaries.
Steve already had pretty good insurance coverage provided through his industry association and Jo had a small amount of life insurance, basically covering the balance of thier Mortgage and some Medical Insurance but nothing more.
When their new insurance advisor suggested the initial thought was the annual premium was going to be too much of a commitment.
This protection turned out to be, by far, the best investment they ever made.
Only four years later, Jo suffered a subarachnoid haemorrhage (a burst blood vessel in the brain).
Now this can happen to anyone, at any time regardless of age and health. Jo’s was a grade four bleed, the highest grade available.
Most people unfortunately, never come back from an incident like this, those who do range from making full recoveries to needing total care.
Jo was one of the ‘lucky’ ones, but was left with a constant headache with spikes of crippling pain, short term memory problems, inability to deal with more than one thing at a time, aphasia (loss of words) and severe fatigue.
Her self-confidence and well-being naturally suffered as a result of this.
During this tough time for Jo & Steve, their insurance advisor took care of making the claim on their insurance policies and dealing directly with the insurer.
Once it was established that Jo would never be able to return to work in a role even close to the one that she had held, the policy paid her a monthly income that was approximately 22 times the amount the premium had cost on a monthly basis.
Even with Jo being unable to work they were able to continue the lifestyle that had previously been afforded by her income as well as have the feeling of self-worth that she could still contribute.
After a few years of Jo receiving the monthly payments the insurance company offered a final settlement payment to satisfy the ongoing claim.
Together with their insurance advisor, it was decided to turn this down even though the lump sum offer was very attractive.
Jo & Steve decided they would be better off having the regular income until Jo reached age 65 which was when the policy was due to expire.
10 years later, with around 3 years left until Jo celebrated her 65th birthday, she was diagnosed with inoperable, terminal lung cancer which was completely unrelated to her previous illness.
A year later Steve’s sweetheart departed our world. Steve reflects back on her final 10 years and is delighted that these were spent the way they had become accustomed to and did not have to go without anything, thanks to the support and recommendations provided by their insurance advisor who is now a close friend.
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