Life is a wonderful thing especially when you’re married and have children but things happen and it’s important to think about the unexpected sooner rather than later. If you or your spouse were to become injured or either of you were to pass away tomorrow would the surviving spouse and your children are able to deal with that loss?
Unexpected Injury or Job Loss
When life is going great it’s easy to not think about tomorrow. If both spouses are working what would happen to your family if your income were suddenly cut in half due to one spouse suffering an on the job injury or job loss? It’s important to start making a plan of action now by 1. Make sure your family’s medical insurance is up to date. 2. Invest in disability insurance like Aflac to ensure that your family is covered financially in case of accident or injury. 3. Establish a savings account to save a “nest egg” that you can tap into in case of emergency.
Trauma and Life Support
What will your family do if you or your spouse were to get into an accident and were put on life support? Would either of you want to stay on life support if there were no hope of recovery or even some form of life? These questions should be asked now so a war between family members over your medical rights doesn’t start later.
Wills and Estate Planning
It doesn’t matter if your family lives in an apartment or trailer and only has one vehicle and a few possessions it’s important to start thinking about the future now by preparing a Will or Living Trust now that insures your assets are divided equally among your descendants after you or your spouse is gone.
Best Interests of Children
If you have children under the age of eighteen it’s important to make sure your wishes are known regarding the care and welfare of your children should you, your spouse or both of you pass away during your children’s youth.
Zippy is a great place to look for insurance plans that will benefit your family.