How a tragic event sparked a new commitment to financial security through accessible life insurance coverage
THE STORY:
One member of our team received a death claim on a life insurance policy. It was an employer who contacted our team on behalf of an employee’s ex-wife and their two children.
He revealed that his employee lost his life while driving home from work just days before.
This heartbreaking event served as a stark reminder of life’s uncertainties, sparking a community-wide conversation at the manufacturing business where the deceased worked about the need for life insurance coverage.
As news of the employee’s passing spread, an open and honest dialogue emerged among the workforce, just ahead of open-enrollment season.
The circumstances prompted our team member to discuss the situation with the employees, one of whom was the deceased individual’s brother, who worked with him in this company.
WHAT WE DID:
During open enrollment, straightforward and personalized presentations focused on security through insurance and financial preparation. The goal was clear – to provide accessible life insurance options and empower every worker, from newcomers to those nearing retirement, to secure a future filled with possibilities.
Many employees, previously unaware of the potential financial burdens, embraced the idea of securing their families’ futures through accessible and affordable life insurance.
The deceased employee’s brother, still part of the workforce, chose to invest in both group life and an individual policy.
His decision became a catalyst, inspiring others to consider life insurance as a practical and necessary step toward securing their family’s future. One employee went on to say,
“Why wouldn’t I do this? The policy is paid automatically, and only a small amount of my paycheck goes to it…I can cover it if I just work an extra hour in a week.”
THE RESULT:
Summit is committed to ensuring every worker’s financial security. This case stands as a testament to the practicality and necessity of accessible life insurance.
The response was resounding; a majority of employees, regardless of age or tenure, opted for life insurance coverage. This collective commitment to financial security became even more crucial as statistics later revealed an increase in deaths within the manufacturing industry.
