Clyde and Claudette’s financial future is now ruined! Make sure it doesn’t happen to you. These tips will help you protect yourself from the time-bomb that devastated them. I talked with Clyde and his wife, Claudette, recently. In fact, Clyde brought his son to one of my popular financial seminars so he could learn to avoid the mistakes his father had made.Everything had been going great for Clyde and Claudettehe had a secure job with excellent benefits. Their home was almost paid for. Their kids were doing well in school. Life and their future looked bright.

Claudette was driving home from the store just like she always did. A drunk driver speeding in her direction hit a car on his side of the road, careened off of it, jumped across the median and plowed into Claudette’s car. In just seconds Clyde’s and Claudette’s lives were forever changed. Luckily she wasn’t killed. But she is permanently handicapped. As often happens, the police never caught the drunk driver. Their medical bills quickly mounted and they soon discovered their financial weakest linkthey only had $50,000 of uninsured motorist coverage in their auto policy.

How much medical and liability coverage is in your automobile policy? If you’re like most people, you probably don’t even know. And it could be a ticking time-bomb waiting to devastate your financial future.Clyde and Claudette were lucky to be able to pay most of their immediate medical bills, but only after they had to go to court, sue their insurance company, and pay out a big chunk of their $50,000 in lawyers’ fees. But what about their future? Claudette will never be able to work again and the cost of caring for her increased medical needs will continue for the rest of her life.

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