Brandi, a successful young lady in her mid 20's was tragically killed in a car accident. Six months prior to her untimely death, she purchased an Indexed Universal Life insurance (IUL) policy. Although Brandi had life insurance on her job, she knew the importance of obtaining private permanent life insurance that would guarantee protection up to age 100 regardless of whether was still employed or not. She also purchased the IUL because of the investment feature that it offers. Brandi was not only thinking of death protection but her retirement and her dependent's financial future. Brandi named her mother as the beneficiary of her policy without her mother's knowledge.
Although Brandi's mother was devastated due to the loss of her daughter, she was so proud of her daughter for being so responsible and making sure that her business was in order.
Due to the large life insurance settlement from Brandi's policy, her mother doesn't have to work another day and she is able to pay legal expenses to bring the people responsible for taking Brandi's life to justice.