Speak to a Live Person.    Call 800-442-9899

Forrest Wold-McGimsey – Not Enough Time

Black and white image of Forrest Wold-McGimsey sitting in front of forest

By Byron Udell | February 11, 2018

Forrest Wold-McGimsey learned firsthand why both parents need life insurance. To find out more, read on.

Life can change in an instant. Things happen. And sometimes not for the better. Like the tragic loss of a parent. And when a mother or father dies before their time, the survivors are in for a world of hurt. But how do you deal with that hurt when you’re only ten years old? That’s what happened to Forrest Wold-McGimsey.

Meet Forrest. He and his three brothers grew up in an idyllic small farm in Colorado. His parents, Sarah and Brian, surrounded their children with the love of nature and of life itself.

At age ten, Forrest’s life was changed forever when his mother was diagnosed with breast cancer. Sarah fought bravely against her cancer, but finally succumbed to the disease four years later.

The family’s tragic and devastating loss was compounded by the fact that Sarah had no life insurance. Brian had always intended to get more coverage, but kept putting it off.

The repercussions of not having enough life insurance were felt fairly quickly. The family had to move out of their home, and Forrest (now age 14) had to go to work to help support the family. “We learned a very valuable lesson about the importance of life insurance, but we paid a very dear price for it,” says Forrest.

Sadly, this story is an all-too-common occurrence. The breadwinner has life insurance, but the caregiver does not. Like Brian, many people simply procrastinate about getting additional coverage. But the stay-at-home parent does just as much heavy lifting as the one who goes to the office. If you had to pay someone else to do all the jobs that stay-at-homer does (housekeeper, chauffeur, coach, etc.), it would cost you as much as $125,000 a year.

Insuring your spouse is an easy, affordable way to ensure that your family is protected from the economic hardships that can occur with the unforeseen passing of a parent. That additional level of protection can help keep families in their homes and assist in paying other outstanding expenses. It’s a win-win across the board. Something to think about.

Watch this video and learn more about the Forrest family.

The information above is reproduced with permission from © Life Happens 2018. www.lifehappens.org

 

Keep Reading and Learn How to Save Money for Life

Universal life insurance. Plain and simple.

3 Reasons people put off buying life insurance

How to win the game of life insurance

Blog Policies
Content, articles, information and opinions expressed on the AccuQuote Blog, whether provided by the authors or public visitors to the website, are provided to help consumers make informed decisions regarding their insurance needs and options. Opinions expressed in the articles are strictly those of the authors and may not represent the view of AccuQuote, its officers, employees, clients or the companies whose products are offered by AccuQuote.
The information, content, and services provided on this site are not intended to be, and should not be construed as legal, tax, financial planning, or other professional advice.  Visitors to the site should look to and rely on their own professional advisors for such advice. 
AccuQuote will not be liable, under any circumstances and in any way, for any errors or omissions, loss or damage of any kind incurred as a result of use of any content posted on the AccuQuote Blog.  By visiting the AccuQuote Blog, you acknowledge and agree that you use the content at your own risk and bear all risks associated with your use of any content, including any reliance on the accuracy, completeness, or usefulness of such content.
See also our website terms and conditions Terms & Conditions

We only work with highly rated insurance companies – brand names you trust. You may be able to save money without sacrificing quality and strength.