Money To Burn

Oh, why didn’t I talk to you first?  That’s what I hear from people who have had a significant event happen,  and I don’t mean the nice kind.  You’ll learn from the widow who herself now needs help after nursing her ailing husband, the sales person who thought they had it all until a skiing accident, and a new business owner who is having difficulty keeping good employees.  In the next few articles, you will learn that if you talk to a licenced insurance broker they can help you develop your own safety net.

First find a a licenced insurance broker who will take the time to understand your needs, explain the options, and let you decide what solution is best for you.  We all have priorities, especially in these tight financial times.  It’s even more important to protect our financial future.  You insure your car don’t you?  Then why wouldn’t you ensure yourself?

The widow was a lady who nursed her terminally ill husband for over two years.  She didn’t plan to spend the first part of her retirement years in this way and neither did her husband.  They both hoped they would spend many years traveling and enjoying their grandchildren.  They didn’t plan on one spouse getting ill, exhausting their savings, or leaving the surviving spouse to fend for themselves.

One option in this couples circumstances would have been to purchase a Long Term Care insurance policy as part of there overall retirement plan.  A Long Term Care policy would have paid for expenses for the bedridden husband to allow his wife to rest from day to day care.  The widow could have her Long Term Care in place for the time when she needs the same level of care and having no husband to help her.   We don’t have a crystal ball, nor do we know what the future holds.  We do know people are living longer, and need care longer.  We all want to stay in our own home.  Take the time today to talk to a professional insurance broker about protecting yourself and you won’t need money to burn to safeguard your lifestyle.

Bonnie Whipple is a licenced life insurance broker associated with Parksville Life Benefits Ltd., which is a division of Parksville Insurance.  She may be contacted at bonnie@parksvilleinsurance.com or 250 248-5784