Jason Leffler Tragedy Highlights the Importance of Life Insurance
The sports world suffered a major tragedy last week with the death of NASCAR driverÂ Jason Leffler. As with all race drivers, the risk of having a car accident is high. And though fans and drivers always hope for the best during races, it’s well known that the risk of losing one’s life on the racetrack is a possibility.
Probably one of the most devastating aspects of this sad story is that, despite the known risk of death in this dangerous sport, Leffler reportedly did not have aÂ life insuranceÂ policy. This showcases just how important it is to place the purchase of this coverage high on one’s list of priorities.
Jason Leffler Killed in NASCAR Race
Jason Leffler, an experienced racer who began his NASCAR career in 2000, lost his life on Wednesday night when he apparently crashed head-on into a wall and flipped several times at Bridgeport (N.J.) Speedway.
After being transported to a nearby hospital, 37-year-old Leffler was pronounced dead from a blunt force neck injury, only 32 minutes after the accident occurred.
One of the saddest revelations to come from the death of the three-time NASCAR winner and recently-divorced father of a 5-year-old son named Charlie is that he did not carry life insurance, his son’s aunt revealed.
“Jason did not have a life insurance policy, so he didn’t really leave anything (long-term) for Charlie,” Amy East Cook told the media. “I don’t think anybody knows that. I think they would assume he would have that.”
Why Life Insurance Is Important for Families
Leffler’s death is just one of many examples of why purchasing aÂ life insurance policyÂ is so important. Without it, the financial challenges of paying for final expenses and long-term care for dependents can become more than a family can bear.
A study conducted in 2012 by Genworth revealed that more than 118 million adults in the United States (ages 18 and above) did not carry life insurance. As seen in Leffler’s story, even one person going without coverage can be too many.
The reason that some people go without life insurance is that they simply don’t expect to die, while others are deterred because they don’t see the immediate benefit of purchasing coverage.
Studies also show that individuals believe coverage is too expensive despite costs averaging as low as $150 annually for a $250,000 term policy.
In Leffler’s case, fans have started sending donations to the family through the USAC Benevolent Foundation. But, of course, the best route to take is to acquire a life insurance policy to ensure final costs and long-term expenses are not the concern of an already grieving family.