Have you ever wished there was something to help protect you when the unexpected happens? Something that could lessen the worry in your life? There are many strong reasons that you need to have reliable insurance and an estate plan. It is the only way that your family can keep their lives intact if something were to happen to you. Life insurance is also one of the few ways that your family will be able to live comfortably even if you are gone. You may be wondering why it matters now? Well, COVID-19 brought many surprises to our worlds, and not in a good way. With the many lives lost, hospital and healthcare bills, many were and still are drowning in despair.
COVID-19 has swept the globe like wildfire. In the past few months, COVID-19 has already affected more than 6 million people across the globe and the numbers continue to grow. We cannot predict when we might catch the virus. And when facing such unforeseen circumstances, it is important to examine reliable insurance coverage, estate planning, and other factors that influence you and your family’s financial standing and future.
Working hard to get ahead, only to lose everything in an accident or medical emergency can be overwhelming and an invitation of major financial stress. No one wants to think about the uncertainties of life and the need for a will, a living trust or a public health emergency plan. We all know that life insurance is important, but there are always reasons to put it off. But after major loss and financial burdens, the need for reliable insurance and a good estate plan has become of high priority.
Reliable insurance plans and cover as well as good estate plans have benefitted many throughout the unforeseen circumstances that the pandemic raised. These unforeseen circumstances included the loss of jobs, income, healthcare bills, family members, and more.
Benefits of reliable insurance:
Your family can be taken care of with life insurance if something happens to you, but that’s only one of the benefits.
- Replacing months/years of lost income due to job loss
- Paying off your home mortgage
- Having other debts paid off, such as car loans, credit cards, and student loans
- Help fund your kids’ college education
- Assist with other obligations, such as caring for ageing parents
Typically, reliable insurance policy covers include enough of a death benefit to cover the lost salary and key expenses – like a mortgage – that their family will face, especially while their children are still at home.
Benefits of a good estate plan:
A simple estate plan can protect your assets and loved ones in the event that you are no longer able to do it.
- Planning your estate is crucial if you want to choose who will inherit your valuables and assets.
- In the event of your premature death, estate planning allows you to name a guardian for your children.
- A common estate planning goal is to reduce your taxes.
- An estate plan reduces the likelihood of family issues and legal squabbles.
- It protects beneficiaries.
- It protects young children in case of unforeseen death.
Don’t let a battle over the details of your estate break out in court. Get your legal affairs in order now and save your loved ones the trouble.
That’s where Blue Evolution comes in. The time and stress relatives go through to settle a loved one’s estate after his or her death can be considerable. It is our goal to make this process easier for you and your family. Our reliable insurance policies protect you and your loved ones from poor medical decisions, while our integrated estate plans save you time and money while also making sure important decisions are taken by people worthy of their trust. Get in touch today.
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