Scott Young added to dream big. Although he came from humble beginnings with hard work he turned a company of one man in the greatest company of heating and air conditioning in its region. This allowed Scott and his wife, Cathy, to fulfill another dream of building a house in the country and work as a hobby ranch. They wanted to give their daughters a life that revolved around the outside and live well.
Scott's insurance agent, Steve, makes sure that Scott was properly insured at work and at home. Scott ran the business with his brother, David, and a repurchase agreement funded with life insurance has assured the company could continue if one of them were to die. In addition, Scott had a personal life insurance policy that would allow Cathy and girls to agree financially should anything happen to him.
As the company and Scott's financial responsibilities have increased, Steve knew it was time to reassess the life insurance needs of Scott. They found a need and immediately set to work to increase personal coverage and Scott affairs.
Unfortunately, only weeks after the life insurance applications were submitted, Scott suffered a fatal accident. On July 4, the outdoorsman paddleboard drowned in a nearby river.
While Cathy and her daughters must now make a new life for themselves without Scott, life insurance has been invaluable. The insurance through the company assured that Cathy was compensated for by Scott of society instead of becoming a business owner, she has no interest in running. Meanwhile, Scott's personal policy cemented their dream.
"I have an incredible amount of recognition, and it is all due to life insurance," says Cathy. "Without it, we would have missed this property. Now my daughters to grow up in the house we built, we create a new life together. "
the protection of a family and a business are two main reasons why people buy life insurance. Learn more about affordable ways to cover the people and things that matter most by contacting an insurance professional as an Erie Insurance agent in your community.
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