Watch the livestream replay of LIFE’s realLIFEstories Program. You’ll listen to real stories of loss and how insurance planning helped families through some of their darkest hours.
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After Ken Howell lost his business partner and longtime friend, Jeff Moses, in a small plane crash, he knew their automotive manufacturing company would be all right because of a smart business continuation plan. Life insurance policies funded a buy-sell agreement and the two remaining partners were able to take control of the company. Key person insurance on Jeff’s life provided the money needed to hire a new salesman to take over many of Jeff’s duties. As for Jeff’s family, they are financially secure because of money they received through the buy-sell agreement as well as life insurance Jeff owned individually.
Preston Newby, 24, was assisting individuals involved in a car accident when he was struck from behind by a driver who swerved to avoid the scene. He died moments later in the arms of his wife, Tara. The life insurance he purchased several years earlier has allowed Tara to be a stay-at-home mom to her two sons, Jacob and Micah.
We live for life’s wondrous moments…from simple pleasures to major milestones. You work hard to make sure your loved ones have a comfortable life that hopefully includes its fair share of wondrous moments. But if you were suddenly out of the picture? Life insurance helps ensure that the lifestyle you’ve worked so hard to achieve for your loved ones wont come to a halt if something were to happen to you. www.wondersoflife.org