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Life stories of women who became almost bankrupt after their husbands’ decease

Life insurance is one of awkward topics for discussion with the family, but death and taxes are inevitable, writes Business Insider.
Life stories of women who became almost bankrupt after their husbands’ decease

The periodical published a letter of a 50-year-old reader:

“My friends have discussed life insurance with their husbands many times. After death of the second half one of them found that he had not sign the life insurance policy issued by his employer. The second learned her husband had missed the monthly mandatory deposit.

It was hard to watch them, my friends were grieving and had to pay the bills and fight for their family survival.

Though they had some savings, one woman had to start raising funds in social networks (the money was spent on funeral), and the second sold the house to pay for children's education. Both of them regained their feet after a while, but for the first few years they were in lack of money.

These stories made me think of my 83 year old mother. As we were both single, I decided to insure our lives. Having had compared policies I purchased one with coverage of $50 thousand, while my monthly payments were $40. Life insurance provides peace of mind that is why I need this service.”

Source: https://sberbank-insurance.ru/news/27_12_19

Photos are from open sources.

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