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Life, Health & Benefits Professionals   Creative Life Insurance for Astronauts 


Morgan McDaniel, The MVP Club / CompleteMarkets / IMMS - Big Bear City, CA 92314
Reputation: 1324 - Total posts: 7

Tonight Aug 31st two events are happening in relation to Earth's moon. Tonight is a rare "Blue Moon" (meaning that it is the 2nd full moon to happen in the span of one single month) and also the day that the late Neil Armstrong will be laid to rest. If you don't know, he was the first man to step foot on our moon. These two events are not happening because of each other but do have strong celestial ties to each other.

You may be wondering what these two events have to do with Life Insurance? Well I was recently reading an article on this very topic.

Back in 1969 when Armstrong and the rest of the Apollo 11 astronauts were preparing to fly to the moon they could not afford to get life insurance even though there was a very high probability that they would not survive the mission. The premiums at that time due to their dangerous line of work would have been $50,000 per year while his take home pay was only about $17,000 a year. Clearly that is a massive difference in numbers.

So before the mission in a clever way to ensure that their loved ones would not be left without a source of income they did they only thing that they could. They autographed hundreds of envelopes with various space-related images on them, and then had a friend put them all in the mail so that they would be postmarked on the day of the mission. In this way if they were to all die during take-off their families could sell those autographed envelopes to help provide an influx of money in lieu of a life insurance policy.

I think that this just goes to show that even in the most danger filled occupations there is always a way to provide for your loved ones when you die, even if it is not an actual life insurance policy.

13 year(s) 7 month(s) ago
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