Talking about end of life is not the easiest topic to discuss, but it is an important one. Bringing up the possibility of your death to your family is scary. No one wants to think about the possibility of losing one you love. How do you have this conversation?
Instead of focusing the conversation on the possibility of an untimely demise, focus the conversation on the future and how you want your loved one to have financial security if you were to not be there to provide for them. Ask them to consider that a life insurance policy can offer the following peace of mind such as:
Postponing this conversation can create frightening results for your loved ones should you leave this life unprepared. The following could happen:
Consider these questions when speaking with your loved ones:
Thinking about death is terrifying. Who wants to discuss a scary thing like that! We must be brave and do it. When bringing up the subject, consider making the atmosphere relaxing and casual rather than serious and heavy (even though it is serious.) The reality is that there will never be an ideal time to bring up the subject, but doing so while you are happy and enjoying the moment is most ideal and less chilling.
Each one’s needs are different therefore, please call us to discuss your unique circumstances and develop options best for you and your family. Call 708.572.7181 and ask for Jose Perez for a no obligation conversation.
Instead of focusing the conversation on the possibility of an untimely demise, focus the conversation on the future and how you want your loved one to have financial security if you were to not be there to provide for them. Ask them to consider that a life insurance policy can offer the following peace of mind such as:
- Paying off debt, such as a mortgage
- Covering home expenses such as child care, transportation, and home maintenance
- Helping provide for care of an aging parent
- Leaving an inheritance to cover needs of family such as children’s education
- Replacing the lost income of a wage earner
- Covering burial expenses
Postponing this conversation can create frightening results for your loved ones should you leave this life unprepared. The following could happen:
- Life insurance becomes more expensive the older one gets. For example, a 35-year-old male with no health issues, non-smoker and with a low-risk lifestyle can pay as low as $115 a month for an $225,000 indexed universal life insurance policy as opposed to a 50 year-old-male smoker with diabetes who can be charged up to $950 a month for the same policy.
- If you have no savings or life insurance, your mortgage must be paid by the co-owner. A home equity loan may need to be paid in full. This could require the sale of the home.
- In the case of an auto that is not fully paid off, the lender has the right to repossess the car.
Consider these questions when speaking with your loved ones:
- Who would be responsible for your debts?
- Would assets that you want to pass on to family members be eaten up by your debts?
- Do you want to pass on money that couldn’t be diverted to pay your debts, even if you owe those debts?
Thinking about death is terrifying. Who wants to discuss a scary thing like that! We must be brave and do it. When bringing up the subject, consider making the atmosphere relaxing and casual rather than serious and heavy (even though it is serious.) The reality is that there will never be an ideal time to bring up the subject, but doing so while you are happy and enjoying the moment is most ideal and less chilling.
Each one’s needs are different therefore, please call us to discuss your unique circumstances and develop options best for you and your family. Call 708.572.7181 and ask for Jose Perez for a no obligation conversation.