life insurance

I was playing golf last week (and I use the term very loosely golf), when something like that made me write this article. I was in the ninth tee and there was a bench to rest your weary bones and try to analyze where did you go wrong with your game. In my case it was turning up the course in the first place.

Anyway, on this bench was a special plaque dedicated to a club member who had died. It turns out that I knew the deceased. He worked in finance and was a client of his for a few years ago. He had suffered a heart attack on the golf course. He leaves behind a wife and two young children.

Now, without trying to sound too cocky, I'm pretty sure he wanted to be a crystal ball. Probably would not go to golf that day. He himself had received directly from the emergency room where the services will be available in imminent heart attack, he immediately understood. Unfortunately, it is not a crystal ball. So do not expect a heart attack every day. And why would. Ultimately, only 36 years.

Now I am convinced, however, that many of my clients and others who speak should have one. Every time I talk to them about life or disability insurance, usually agree that underinsured.

"You understand that if you die, your insurance payment must be large enough to pay the mortgage and give your surviving family income to offset the fact that you are no longer there," I tell them wisely.

"Obviously, they reply, nodding. "We will certainly look at our next annual review." Or "After our return from holiday." Or: "It's something I'll worry when I grow up."

The same comments that I feel ridiculous when discussing the system of income security. "Social insurance, which adds," they said.

"It replaces your income if you can not work for an extended period due to illness or injury." I can respond with wisdom.

"I do not need that" these pods. "I've never had a sick day in my life!"

Neither was the old man who is affectionately known as traumatized. I never see you sick 30 years I have known. Not even a hangover. What is truly remarkable when you consider that trauma is the nickname for the event.

One day, a weak step awkwardly from the back of the Ute. He tore his knee badly, and after further investigation, it was decided that the damage was serious enough and needed a complete reconstruction of the knee. He comes off after some time, but should return to work within a few weeks, if everything went well.

Only it is not. After surgery, she suffered an infection that leads to blood poisoning. 18 months and a series of other steps later, he was still in work. His wife had to go out and find a job when he was at home to mind his young daughter.

If only one of those groggy had crystal balls. It may have been more prudent to get off the Utes. Or at least have some income protection insurance, which would have given him and his family with an income while he was convalescing.

The truth is that none of us knows what awaits us in the future. If you have a mortgage, family, other securities or all of the above, I invite you to contact your advisor and make sure you have adequate insurance coverage. You need you and your family.