Values - Protecting Your Loved Ones
families often find themselves in a flurry of activity
that revolves around work, the home, and growing children.
Day-to-day family life also means paying the bills,
buying groceries and clothes, and spending vacation
time with family and friends. It`s all a part of the
life many of us take for granted. Sometimes, in our
quieter moments, we may envision a future when we can
finally sit back and relax, away from all the rush.
life may sometimes bring with it an unexpected twist.
Because many families today depend on two incomes to
maintain a standard of living, the tragic death of a
spouse can dramatically change everything. Even with
single-income families, the at-home spouse may provide
incalculable "non-cash" services such as maintaining
the home and rearing the children. If one income suddenly
stops, or you are forced to begin paying for services
that once were "free," the impact on your family`s finances
and lifestyle could be devastating.
is where life insurance can be of great value. Adequate
insurance can help replace the income of a spouse or
provide additional income so your children will be adequately
cared for and family life will continue to run on course.
underscore the point, look at the income in real dollars
if both you and your spouse work. What would the extent
of that lost income cost your family? The other side
of the problem is how much cash would it take to replace
all that the "non-working" spouse contributes to your
become even more complicated if you have a child with
special needs. If your non-working spouse is providing
care for that child, who will handle those duties in
the event of your spouse`s death? Insurance may help
ensure the child continues receiving the proper care.
for Your Loved Ones
the larger point to be emphasized is the importance
of continuing to work with a financial professional
who is knowledgeable about insurance, who values his
or her relationship with you, and who will make recommendations
that are in your best interest. Annual insurance reviews
are the best way to ensure that your comprehensive insurance
program is fulfilling the objective of protecting your
© 2006 Liberty Publishing, Inc. All rights reserved.