We all hope for a long, healthy life. We make prudent choices, we work, we save and we plan. But sometimes we hit a hurdle. Life gives us or our loved ones a challenge. This could come in the form of a job loss, an illness or injury, a loss of a family member, or we may be the ones to face a shortened lifespan. In reality, every family inevitably faces one or more of these challenges in time. Our best defense is to be prepared for the unexpected.
Do you have loved ones who depend on you? Is your current life insurance coverage the right amount and the proper type?
Have you considered how your obligations will be met and your expenses paid if you lose your income due to illness or injury?
How have you prepared for the possibility of needing professional care in old age? Are these costs part of your retirement plan?