Tag: funeral

People rarely like to dwell on the fact that they or a loved one will die someday, even though it’s an inevitable part of life. From a practical standpoint, we would make preparations to ensure that survivors aren’t placed in financial jeopardy, and that they know the deceased person’s final wishes. But the reality is that people procrastinate because the topic is too painful to think about.

I lost my husband suddenly after 46 years of marriage, so I know from experience about the confusion, chaos and disastrous financial consequences that occur. It’s time for people to make a change in their thinking and planning about death.

Life insurance for married couples is a good idea, especially if you have or plan to have kids. But knowing you need life insurance and buying it are two different things, and it can get complicated trying to get the right type and amount.

The coverage you get can protect your partner from a financial crisis in the event of your death. But even the general understanding that you need insurance might not be enough, so it’s important to consider your personal needs.