Why You Need Life Insurance – Andrew’s Personal Story

My name is Andrew Darlington, founder and President of Veritas Risk Management & Insurance Services, the premier provider of insurance services in the East Tennessee region. I’m going to tell you a very personal story about why you need life insurance. When I was going into the 7th grade, my dad died. Obviously, it is incredibly tragic for any 13-year-old boy to lose his father. Adding to the tragedy of my dad’s death, however, was that we had almost no life insurance. When my dad passed away, we had only $50,000 in life insurance. While my dad was a hard-working engineer making a decent amount of money, my mom had not worked for almost eight years. Thus, with only $50,000 of life insurance, we went from being a stable, middle-class family to not knowing what was going to happen. We were worrying about where our next meal would come from, not to mention that we had no idea how we would pay for the private school I attended, our home mortgage, or my two brothers’ college education. All we had was $50,000.

I know firsthand the toil and the mess it brings to your family when you don’t have the life insurance you need. You need to protect your family in the event that the unexpected happens. Life insurance is an essential part of protecting your family’s well-being after you are gone.

How Much Life Insurance Coverage You Need

In most cases, you should have 10-15 times your annual income in life insurance. This would allow your spouse to take the investment income off of that and live on it for the rest of their life. Had that happened in our situation, we wouldn’t have had to worry about our financial future. We would have known that there was life insurance there to take care of it. My mom wouldn’t have had to scramble to find a job. Again, she hadn’t worked in almost eight years and was a stay-at-home mom! All of a sudden, she needed to go find a job so that we could eat, pay the mortgage, make car payments, school payments, and more—and all of that was unexpectedly slapped on her at one time. Don’t let that happen to your family!

my story why you need life insurance
Protect your loved ones by getting life insurance!

Life Insurance is Affordable and Worth it!

If you are in good health, you can get $100,000 or maybe even $200,000 of ten-year term life insurance for as little as $10 per month. A $500,000 or $1,000,000 policy is not very expense! As you get higher up in the amount of coverage at $500,000 and $1,000,000, most insurance companies have a rate reduction, so you will pay less for a million dollars than you would for two half million-dollar policies.

Call our Tri-Cities insurance office today at (423) 292-4142 to make sure your family is properly protected. Make sure your family will be able to grieve the way they need to grieve and still be able to move on without having to worry about their future if the unthinkable ever happened. Voted Johnson City’s best life insurance agency, we will work with you to make sure you have the coverage your family needs.

If you have been declined for life insurance in the past, we can still help you! Find out more.

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