My husband of 40 years just returned home from the Chicago area after going there for the death and funeral of his 89 year old father.
After I picked him up at the airport I told him I needed to write my blog today and let him decide the topic. He chose ‘Prepare’. Because both he and I are insurance professionals and the whole ‘prepare’ thing could apply to every aspect of our profession, I asked him to be a little more specific. He said:
- Buy life insurance. The funeral service cost $10,000.
- Don’t let someone in the paper, on the internet, on tv, or the radio decide what kind and how much to buy. Talk with a trusted friend, find out what life insurance agent they work with and make an appointment.
- If you have life insurance already in place, check the beneficiaries and update if necessary.
- Buy more if you need to.
- Leave a legacy of loving care, service and wonderful memories, not a legacy of bills for the loan that had to be taken out to buy a funeral.
- Make a list and write down:
- Where everything is: life insurance policy in a box under the bed, deed to the house on the shelf in the closet, home and auto insurance policy in the kitchen drawer, etc.
- In this computerized, secure time make sure your passwords are in one place and not on the computer that you need a password to get into…………….
- Phone number/email address of who should be notified: if you sit on a board, volunteer regularly, etc.
- If you’re so inclined, prepay and plan the ceremony of your choice.
Glad he got home safe and sound. Not the happiest ride home.