Don’t Be Underinsured – Plan for Unforeseen Circumstances

Understandably, many Americans don’t want to think about what will happen to their spouse, partner or dependents if – or, more accurately, when – they should pass away, but thinking about these situations is something they must do, preferably sooner than later. Thinking and planning for unforeseen circumstances is something that EVERYONE needs to do. Yes, even you.

According to a recent survey, 98% of individuals who are married, partnered or have dependents are so under-insured that, in the even of their death, their life-insurance would not be able to replace their income. The average individual of this survey will make about $1.5 million during their working years. Yet most only hold about $300,000 in life insurance—that’s $1.2 million less than what they’d need to properly take care of their loved ones postmortem.

Too many Americans either make the mistake of believing nothing will ever happen to them, or of believing that the large amount they DO have in life insurance will be sufficient. But these people don’t take into account expenses such as college, weddings, retirement, health care, long-term care and every other typical family expense.

Read this article to see how you can better plan for unforeseen circumstances, and how you can do so for a price that’s not beyond your budget:


  Date posted: Friday, October 11th, 2013
Category: Health Insurance

ColoHealth Blog is proudly powered by WordPress | Entries (RSS) and Comments (RSS).
WP Facebook Auto Publish Powered By :