A friend of mine called me last week with one of the most unusual questions I’ve ever been asked as an insurance advisor. It turns out her father passed away before Christmas and she wanted to know how she and her siblings should handle the home and car insurance on their dad’s home and vehicles. The answer depends on many factors.
I believe it’s important to talk with every client we serve about life insurance. This discussion is not designed to sell something to them, though many begin to put up an emotional wall when I raise the subject. My motivation is simply to confirm they have something in place. If at all possible, I want to avoid telling a surviving spouse I never talked about it with their wife, husband, or partner after a funeral.
I am a baby boomer. Both my parents are alive and in relatively good health, however, they aren’t getting any younger. I’ve attempted to discuss several of these topics with my dad over the past several years. He politely assures me he has it handled and that’s the extent of the conversation, however, I don’t know what that means nor do I have any knowledge of what he or my mother truly want.
No one wants to think of someone else raising their children. But if tragedy strikes and both parents are gone, do you want a court that has no personal knowledge of you or your children and their needs deciding who will raise them? Do you want a court who knows nothing about your values and religious beliefs making that decision?
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