Shortly after 3pm I received a text message from a friend who informed me about a tragic accident that happened in California when a helicopter crashed killing its crew including Hall of Fame Laker Kobe Bryant. He was only 41 years old. Tragically, one of his daughters was also killed in the crash.
Every once in a while we hear about a young life that was taken too soon. These events help remind us about our own mortality and to not take our limited time here on earth for granted. It is somewhat gauche to use these events to talk about our own plans if the onforseen was to happen to us but if not now, when is the time right? It is an important discussion and one far too many people put off.
More than 40% of people in American don't have any type of life insurance and many of those people did not purchase enough. Even worse than that, almost 55% of people do not have a will. What would happen in a circumstance like this to your family?
When it comes to estate planning, there are attorneys and financial planners that specialize in that type of work. When it comes to life insurance you have lots of options to choose from. My recommendation is to start with your current insurance agent and get a proposal from him or her. You can also do some research online or let us know you are interested and we will search the market for you (click here to get started).
In any event, don't wait. Plan for your family.