1. Create a Living WillMany young people do not consider making a living will because they assume that nothing will happen to them. What if it does though? Who will take care of your children? Is that something you really want someone else deciding for you? Wills are not just to determine what happens to your money or material things, but they can also outline plans for your child’s future.
2. Make Your Wishes Known
Be sure that if you have any special requests for what happens to your body or during your funeral when you pass on, that you make your wishes known either in writing or to a loved one. It is difficult on the family members left behind and letting them know what you want ahead of time can make things much easier on them.
3. Be Financially Prepared
Even if you are living paycheck to paycheck, life insurance is something that you need to work into your budget, even if you are a woman who works to bring in a second income or a stay at home mom. This article on life insurance for women on Shine from Yahoo discusses why it is important for women to purchase life insurance. As women, we all add value to our families, even if it is just in the help and support we give from being homemakers. Don’t know how to go about purchasing insurance? This resource from Genworth can help you learn how and how much you need.
Ar you prepared so that your family would be taken care of if the unthinkable happened?