“Studies show that over half of
Americans do not have a will”
One of the best reasons folks engage in estate planning is to ease the burdens surviving family members will carry in the event of our death. Any of us who have lost a loved one know that it is a difficult time - full of emotion and sorrow.
Do you know if your family would have the financial resources to maintain their standard of living if something happened to you? According to the Life Insurance Marketing and Research Association, approximately 56 percent of Americans lack individual life insurance coverage and 30 percent have no life insurance protection whatsoever.
Claim denied? These are the words no one wants to hear in response to an insurance claim. You have submitted your claim, the premium was paid, but you are turned down.
With 25+ years of helping people with their money, I often am asked for suggestions in planning for a financial future. These are some basics:
In previous generations, folks lived—and then they died—in close proximity to family. With advances in technology and medical care, people are now living longer. While there is still no miracle cure for aging—no fountain of youth— on average, we live longer and have access to greater resources that increase the quality of life. Rather than an abrupt end, more of us will face some period of gradual decline requiring skilled care.
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