My colleague, who grew up in the insurance industry, was a true believer in the value of life insurance. Her husband really wasn’t. John was much older than his wife and was confident that her successful career and investments would take care of her if anything ever happened to him. Don’t misjudge, he loved his family, but he just didn’t see the need for life insurance.
Last year, I picked up a recreational hobby that provides tremendous fun and enjoyment, but I knew it also introduced a certain amount of risk into my life. As a result, I made a deal with myself that this would be the catalyst for the much-needed task of getting my affairs in order. I knew how important it was to do, but it was also something I had been putting off for a long time. Sound familiar? (more…)
An advance directive, also known as a living will or medical directive, is a legal document that outlines your wishes about health care if you are unable to speak or make decisions for yourself. Additionally, it allows you to further specify your requests and preferences in the event of incapacitation or death. Fun stuff, right? The reality is that life-changing events can happen quickly and unexpectedly. (more…)