Week 2
When Ed, first started in the business he had a mentor.
One of his longtime clients was a family whose father had passed away 7 years before they met. At that time the siblings were financially stable but, by no means well off. The 3 of them battled to take care of mom and keep up with their own obligations. After 7 years, the mom died. In cleaning out the tack barn where grandpa spent a lot of his time, they found, in an old coffee can, a significant life insurance policy. It had a face value of more than enough to take care of mom during those 7 years, but had gone unclaimed because nobody knew about it.
Moral of the story, and it is a true story, is that it is very important to know who your advisers are and where your important documents are. Apparently grandpa hid this life insurance policy in the barn in case the house burned down, and mom, in her old age, forgot. So, it’s better to put a list together of those important items, and advisers, and keep it where you can find it.
***Don't worry if you don't have all of the important documents listed or if you don't have all of the advisers. We will cover and provide you with all the documents/trusted advisers needed later in this program.
One of his longtime clients was a family whose father had passed away 7 years before they met. At that time the siblings were financially stable but, by no means well off. The 3 of them battled to take care of mom and keep up with their own obligations. After 7 years, the mom died. In cleaning out the tack barn where grandpa spent a lot of his time, they found, in an old coffee can, a significant life insurance policy. It had a face value of more than enough to take care of mom during those 7 years, but had gone unclaimed because nobody knew about it.
Moral of the story, and it is a true story, is that it is very important to know who your advisers are and where your important documents are. Apparently grandpa hid this life insurance policy in the barn in case the house burned down, and mom, in her old age, forgot. So, it’s better to put a list together of those important items, and advisers, and keep it where you can find it.
***Don't worry if you don't have all of the important documents listed or if you don't have all of the advisers. We will cover and provide you with all the documents/trusted advisers needed later in this program.
To Do List
|
O - Print off and complete the “Advisers and Location of Important Items" form and put it in your Organizer in the Key Information section.
|
| |||||
Extra Credit
|
O - If your adviser hasn’t talked to you in a while... call him or her and ask “why not?”. If your adviser isn’t visiting with you at least annually, you should probably find a different adviser. If you would like to find an adviser in your area, send us an email and we’ll put you in touch with one we trust.
O - Check out what others are saying about this week. Or better yet... Comment yourself! Click here! |
