Why do we plan for life events like a job search, or buying a house so meticulously but forget to plan for the unexpected? What I am talking about is taking care of your family. What happens if you were in a car wreck and couldn’t work anymore, or even worse needed someone to care for you? How about if you die unexpectedly, what happens to your family?
At one time in my life I was an insurance agent and over the course of eleven years, I saw many instances of unforeseen circumstances that families just were not prepared to face. Many times this caused the spouse to seek out advice which meant calling the Insurance Agent. The Agent doesn’t have all of the information needed to give sound advice, particularly if you were, or are military and s/he never served.
The time is now to sit down with your significant other and discuss contingency plans. Does your spouse know how to access your bank accounts? What about the bills, who gets paid and when? What life insurance do you have, disability insurance, long-term care insurance? Putting together a guide with a checklist and directions, the op-order for life if you will, is imperative to ensure you have taken care of your family.
Some of the most important documents your spouses have to have access to are your DD-214, a Will, Living Will, and Power of Attorney. Every family should have these documents, which should be reviewed and updated periodically. In my experience, many families either haven’t gotten around to it or just don’t think they need any of those documents. If you don’t have them, now is the time to start putting them together.
You see we tend to put off these actions and conversations because nobody wants to think that they are vulnerable, we all want to be Superman. The problem with that thinking is there is a certain number of us that will be caught off guard and our families will suffer. There are many guides you can get for free on-line, some better than others but all are better than nothing. Make sure you are taking care of your families just like you took care of your troops.