He had a $1.5 million life insurance policy, which my mom used as leverage to get a loan for his care.
My mom's experience convinced me to buy a 20-year, $500,000 term life policy of my own, at $28 a month.
That math looks grim, and it would look a whole lot worse if my stepfather didn't have a $1.5 million term life insurance policy.
Life insurance was a financial lifeline for my motherThough the mortgage had slipped my stepfather's mind, the life insurance premiums were on autopay.
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Persons:
—, he'd, hadn't, He'd, didn't, Roger Deal, Roger, they'll, Banks, there's, George Bailey
Organizations:
Service, CPA, Sequoia Wealth Partners
Locations:
Omaha , Nebraska