Hurricane Sandy came in hard, heading for the northeast coast. The people living in that area had advanced notice to prepare, despite the tragedies. Hurricane Sandy is a good reason to be prepared, but not everything can be done in three days.
There are hundreds of deaths just from car accidents every year in Chicago. I'm sure major cities in the country are pretty close in comparison. The families that suffered a loss did not wake up that morning knowing they would have a death in the family. If they only knew, they would make adjustments to avoid it. Rightly so. This is proof that things happen at a moments notice. Preparation for the worst is key to maintaining your family's standard of living.
Going through a detailed analysis is essential to financial planning. "Many families are short changed. This is when someone does not buy enough life insurance to maintain their family's standard of living," says, Butch Zemar, Chief Sales Officer at Elite Benefits of America. Now that they are gone, you cannot change it. You also lose the income they brought to the family. The family is stuck with this loss, emotionally and financially.
According to LIMRA, (Life Insurance and Market Research Association)
Insurance advisors from Elite Benefits of America will help do a complete analysis to make sure your family maintains the standard of living you are currently enjoying. If you are not in a position to afford the proper amount of insurance, take small steps towards those financial goals. By having set goals, you are able to review these goals on an annual basis with your insurance advisor. Another good time to review these goals is when something changes in your life. This can be when you change jobs, income changes, you lose your job, have children or grandchildren, divorce, marriage, and so on. This will help you stay on top of your family's financial need to maintain your standard of living for years to come.