For a long time I didn’t understand the finality of death. I remember telling my sisters that I wanted to see my mom. They explained that she was in a better place now, but I didn’t understand what that really meant. I thought she had gone away or was hiding from me.
During that difficult time—when your only anchor is your family—mine was being pulled apart by financial hardship. My mother didn’t have life insurance, which meant my dad, who was 73 at the time, ended up working more than 50 hours a week. And my sisters, who were in high school, had to find work to help put food on the table. We hardly saw each other, which made things even worse.
No one can put a value on a mother. Yet, if only my family’s financial plans had included the key ingredient of life insurance for my mother, my family’s financial position and my current academic path would now be more secure. Benefits from such coverage would have provided for the payment of her funeral service, the cost of my supervision and care over the years, my college tuition and kept us in our house.
Congratulations on landing your first job! Now that you’re earning a living, it’s time to be proactive in taking care of your insurance. A healthy insurance portfolio protects your most precious assets in the event of death, disability or illness. Read on to learn three essential ways to protect yourself and your loved ones.
A Life Happens survey found that most people couldn’t make it a month without their paycheck before financial difficulties would set in. So, it’s easy to see how important disability insurance is.
Death is inevitable and, regardless of how you feel about that, there will be family left behind who will have to manage “your estate.” Now the word estate may conjure up images of Downton Abbey or an oil baron’s fortune, but if you are leaving anything behind, that is your “estate.”