Lorelai: The Reason Insurance Exists

May 11, 2021 by Thomas R. Petersen

Over the years I have written periodically about disabilities that have unfortunately occurred in my family, to which having or not having various types of insurance made the difference between disaster and financial stability.

In one disastrous case, a dive instructor and dive store owner was hit by a drunk driver, causing severe injuries, necessitating having to learn to walk correctly again and endure arduous physical therapy. In that case, the absence of appropriate disability overhead expense protection meant that within 90 days of the accident, the business evaporated and had to be liquidated.

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Originally Posted at Broker World on May 1, 2021 by Thomas R. Petersen.