Originally Posted by
DwightShrute
really? That's your reply? Like I said, that was over a decade ago for me. BTW, that guy that was killed was the husband of a girl that I knew from high school. $250K might not seem like a lot but it saved that family.
On to different things now. You know anyone that died or became disabled? I don't know the laws in the US but in Canada if you get disabled the government pays you 75% on your income for 2 years max. And its taxable income. I insured a dentist once and he broke his back skiing and because he purchased disability insurance from me, he got 100% of his income till 65 if he needed. Tax free income to boot. After 5 years he was better but could never practice dentistry again. The key man insurance his practice took out on him and his partners also allowed a lump sum payout to the remaining partners. So I helped save a business and ensured he and his family were financially taken care of. There are hundreds of stories like that every year. The sad ones are the ones that didn't plan for the worst.