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Rachel’s Story

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My name is Rachel and I would really love to share my story with you in hopes that you will see the importance of Life Insurance, even at a time when you still think you are invincible.

I was 28 years old and got married in September of 1999. While on our honeymoon n St. Thomas my wisdom teeth became abscessed and I had just switched jobs so I was in between health insurance. You know I was 28, who cares about the 3 month waiting period. I didn’t need COBRA. So I bought some time with over the counter aids and then in October I woke up and my neck felt stiff, so I rubbed it and found a lump on the right side just below the ear. I went to my family doctor who said that it was a swollen lymph node to fight the inflamed wisdom teeth, but he sent me for a CAT scan just to be safe.

The CAT scan came back negative and as soon as January hit I had my teeth pulled and my doctor said it would take about 30 days for the lymph node to go back to normal. After 30 days it was still swollen. My doctor sent me to an Ears, nose and throat specialist who treated me for two months on antibiotics and when it had still not gone away and another lump showed up on the left side, he decided it was time to remove the “dead lymph node.”

So into surgery I went. The next day the doctor called and told me I had Stage 3 cancer. Long and short, I survived, but in the mean time my husband and I had bought a house and then after I got better decided to start a family. After 3 years we decided to adopt and that is when I found out at the age of 33 that I was going to have difficulty getting life insurance because of my past medical condition.

I filled out the paper work and told the truth when the questions about cancer came up and thank God the paper work I presented when we applied was all that was needed to proceed with the adoption because my daughter was born the next month. About a month after she was born I was denied life insurance after the company had received my medical history from my primary doctor. Thankfully for us, all the papers were filed with the courts so it did not affect our adoption of my daughter, Faith.

I tell you this story as detailed as I felt necessary because you can see that the time in between getting married and the time of my diagnoses, I could have applied and gotten life insurance. Then I would have had the life insurance I needed for an actual event, other than death, the adoption of my daughter. The adoption required that I have life insurance to be a Mother. I too was young and invincible, but now I am a 38 year old cancer survivor, waiting out the time limit of 10 years so I can get life insurance at an affordable rate, and at the amount that would actually benefit my family and not be turned down because I was High Risk.

So please, don’t view Life Insurance as morbid conversation at a young age. Realize that you have no idea what life has in store for you. Hopefully you will survive all that is thrown at you and come out with such a great reward as I did, my Life and my Daughter (my Angel). But for whatever the outcome may be: BE PREPARED!!!!!!

Thank you for listening to my story, God Bless you in your new life, and may you have nothing but happiness and health, and a piece of paper in your filing cabinet to take care of all you acquire and create!

Thank you Rachel for sharing your story with me.  For more information about Life insurance go to our website!  Call us at 215-885-2200 for a review of your life insurance needs.  Don’t wait until it is too late and you do not qualify for life insurance or cannot get life insurance.  Spread the word to your friends.

I invite you to tell me your story!  Share it here, thank you.

Your home is insured for its replacement cost, are you?

When we are discussing homeowner’s insurance we talk about the replacement cost of your home.  The replacement cost of your home is the amount of money you will need to rebuild your home if it was totally destroyed.  You insure it for that amount because you don’t want to lose one of your largest assets, your home.

Can you answer this question?  What is your Replacement Cost?  No, not your home’s replacement cost but YOUR replacement cost.  What will it take to replace your income if you die or become disabled?

The chance of a house fire is 2 in 100.  The chance that you will become disabled is 12 in 200.  The chance of you needing assisted living is one in two and the chance that you will die is 100%.

 Think about that: We all insure our homes for replacement value, but do you insure yourself for your replacement value?  You buy medical insurance so your doctor and hospital get paid if you are sick or injured.  Do you buy insurance so your family will continue to receive your income if you are sick, injured, or deceased?

Your future income is your family’s largest asset.  But most often people insure it for just a fraction of its true value or not at all.  We can sit down with you and do a simple review of your replacement value.  Make sure your family is properly protected.

Don’t wait! Don’t ask yourself “How much Life Insurance do I need now?  Remember the death rate is still 100 %.  It is not a matter of “If” I will die, but “When” I will die!  Ask yourself “When I die how will my family survive without my income?”  Then call us so we can sit down and see how much life insurance your family needs you to have when you die.

Even if you have some life insurance, let us review it with you.  We may find out that the beneficiary is not the person you intended or that you can purchase more protection for the price you are paying now.

Make this commitment to your family, “I will review my life insurance needs NOW!”  Nobody wants to buy life insurance, but most of us want our families to continue to receive our income if we die. Call us today so we can make that happen. Or contact us through our website.

When was the last time you reviewed your life insurance?

Sadly, many times the response I receive to this question is never.  Most people think or inquire about life insurance when they get married, have a baby or get a mortgage, but few people ever review their life insurance to make sure it is still the proper protection.

My daughter Patty and her husband Josh purchased life insurance after they bought their first home about two years ago.  This May, Patty and Josh will make Tammy and I grandparents for the first time.  We are very excited!  Of course, being her father and an insurance agent, I wanted to make sure they had the proper protection so I suggested we do a review of their life insurance (Okay, maybe it was more than a suggestion).  They need to think about the cost of child care, education, and other expenses related to raising a child.

So I ask. . . When was the last time you reviewed your life insurance?

Here are reasons you need to review your life insurance:

  • You refinanced your mortgage, possibly for another 30 years
  •  You had a second or third child
  • You are recently divorced
  • You have children from two marriages
  • You have a special needs child
  • You purchased or started a business
  • You have a Key Person in your business whose death would financially impact your business
  • You will need to buy out a partner if he or she dies
  • You have downsized and don’t need as much term life insurance but still need some coverage
  • Your health has improved
  • You no longer smoke or use tobacco products

These are just a few reasons to review your life insurance.  For our Special Report on Life Insurance, go to our website at www.spencerinsurance.com and click on the resources tab. Give us a call today at 215-885-2200 for a life insurance review.  At Spencer Insurance “Your Protection and Peace of Mind is our only Business.”

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