Week 28
We wanted to take a little side note and talk about something that many people do not worry about,
but probably should.
Most of us go throughout life without a contingency plan for major injuries and illnesses.
When we talked a bit about group life insurance we mentioned that you’ll probably get sick and lose your job before you die, thus losing your group life coverage. Along those same lines, what are you going to do if you can’t go to work for 3-4 months? 6 months?
1 year?
What about retirement and that time when you can no longer completely function on your own?
You may not realize it, but it is extremely expensive to have long term care.
Insuring against these moments in life may be the difference between survival and financial ruin.
but probably should.
Most of us go throughout life without a contingency plan for major injuries and illnesses.
When we talked a bit about group life insurance we mentioned that you’ll probably get sick and lose your job before you die, thus losing your group life coverage. Along those same lines, what are you going to do if you can’t go to work for 3-4 months? 6 months?
1 year?
What about retirement and that time when you can no longer completely function on your own?
You may not realize it, but it is extremely expensive to have long term care.
Insuring against these moments in life may be the difference between survival and financial ruin.
To Do List
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O - Print out and read "Why Long Term Care" and place in your Organizer.
O - Print out and read "Do you need Disability Insurance" and place in your Organizer. |
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Extra Credit
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O - If you have a Long Term Care Policy already, Print out and read "Evaluating a Long Term Care Policy" to determine if you have the Long Term Care Policy you really want. O - If you are considering Disability Insurance, Print out and complete "How Much Disability Insurance Do You Need" and place it in your Organizer. (Share with loved ones that are considering Disability Insurance) O - If you have substantial assets and would prefer an LTCi option that is more cost effective, called “asset based LTCi”, email us at info@prospersbs.com to learn more.
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