Update: David's friends are back from Las Vegas. Click here for an new article from The Sun.
Re-print of our original blog from Why Platinum?
Let's face it, if life insurance makes the news it takes abnormal circumstances. It might be a high profile murder. Maybe a remarkable instance of charitable giving.
Re-print of our original blog from Why Platinum?
Let's face it, if life insurance makes the news it takes abnormal circumstances. It might be a high profile murder. Maybe a remarkable instance of charitable giving.
When people who don't buy life insurance die, their family's hardship doesn't make the news at all.
Recently a story concerning the purchase of life insurance hit the news. Admittedly, it took place in the United Kingdom, but the US press has run with the story.
In brief, a Royal Marine buys the equivalent of $400,000 plus in life insurance before shipping out to Afghanistan. He always loved going on trips with his best friends so he leaves instructions that more than $150,000 of it should be used to send 32 of his friends and their girlfriends to Las Vegas in his memory should he die.
David Hart was killed by a road side bomb and now his friends are leaving for the United States one year after his death.
See excerpt from The Sun, or click for the whole story:
A ROYAL Marine killed by a Taliban bomb left £100,000 to send all his mates to Las Vegas.
David Hart, 23, took out life insurance before he went to Afghanistan.
And he wrote a letter saying a chunk of the £250,000 policy proceeds should pay for his pals and their girlfriends to go on a party trip in his memory if he died.
Now 32 friends are jetting to the US - a year after David died in the Helmand danger spot of Sangin.
Pal Andy Hare, 25, said: "He loved going away with his mates - it was always the best two weeks of the year. They were lads' holidays and great times."
Money also went to a charity which cares for injured marines, and the remainder to his family.
The event might raise a few eye-brows, and the Vegas Party aspect of it is getting most of the media attention. This isn't what most life policies are usually used for, but in reality, it's what life insurance is exactly meant to be.
Life insurance should be used to complete what you wanted to get done when you were still alive, but ran out of time.
Sending children to college. Paying-off a home. Securing the family business. Supporting loved ones. Retirement. Supporting a church, charity, or scholarship fund.
Life Insurance can be a final statement about what was truly important to you during your life, but after your death. Obviously, I don't know this man, but I'm guessing what was most important to him was his family, spending time with his friends, and the Marines that made up his new family.
In the end it was his insurance money and he wanted to send a final message to those he loved...his way.
Further, charity such as this tends to breed further charity. His family and friends are planning to help injured Marines in their own way.
Chris (father), Sarah (sister) and David's pals will cycle 170 miles in September to raise cash for the Royal Marines Charitable Trust Fund. A JustGiving webpage has been set up. To donate, visit www.justgiving.com/David-Hart. Source: The Sun
What will your final statement be?
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* The content of this blog is for informative purposes only. It does not reflect official standing of any agent, agency, or company mentioned on the blog. Nor is this blog necessarilly an endorsement. Please consult with your insurance, tax, or legal specialist before making any decisions. This blog is purely meant to spark the thought process.
