In an earlier post, we mentioned that former NFL player and current sports commentator Boomer Esiason is serving as the spokesperson for this year's Life Insurance Awareness Month, which runs through September. Today, we'll explain the reasons why the former MVP and Pro Bowler chose to include life insurance in his financial planning process.
In an interview with the Life and Health Insurance Foundation for Education (LIFE), Esiason said that he learned the importance of life insurance at an early age. His mother died of cancer when he was seven, leaving his father to raise three children alone. Although she was not the breadwinner in the home, his mother's absence made life difficult for the family. Esiason told the foundation that if his mother had purchased a life insurance policy, his father could have used the money to hire someone to keep the household running.
Because of his experience as a child, Esiason didn't think twice about purchasing a life insurance policy for himself.
"When I became an NFL football player and decided to have kids in the early 90s, I recognized that I didn't want to have happen to my kids what happened to us, as [we were] struggling when I grew up," Esiason told Forbes.
The importance of life insurance is further compounded by the fact that Esiason's son, Gunnar, has cystic fibrosis.
"If I don't protect [Gunnar's] future […] then if we ever found ourselves in the situation that I found myself in when I was seven, it would be an unmitigated disaster," Esiason told the Forbes.
Your family's financial future should always be in the forefront of your mind. For term life insurance quotes, visit our website to use our convenient quote generator.