Monday, January 20, 2020

New Year, New Insurance Plan

As we enter 2020, one of the things we should put at the top of our list of resolutions is making sure that our families are taken care of if something should happen to us. A review of our current plan can fix any potential landmines that could impede our goal.

Years ago I met a guy, we'll call him Chad, who was a confirmed bachelor. We talked for a while and he decided that he had no use for life insurance. We parted on friendly terms and I let him know I would be keeping in touch. About a year later, I called him and everything had changed. His brother had died and Chad was now the legal guardian of an 18 year old boy who had some severe learning disabilities. Chad was blindsided by this change of status and we set him up on a life insurance plan to provide for the boy if Chad should die.

Image may contain: one or more people and meme, possible text that says 'GETTING PUMPED UP FOR THE NEW YEAR'

By checking up on Chad instead of forgetting about him, we resolved a potential problem. Chad knew he needed to do something, but kept putting it off until I called him. It all worked out.

The moral of this story is that we should use the beginning of the New Year to make resolutions, but to also follow up on our old ones as well.

Happy New Year and let us at Surf Financial Brokers know if we can do anything to help you plan your family's financial security.

Chris Castanes is the president of Surf Financial Brokers, as well as a professional speaker helping sales people be more productive and efficient. 

No comments:

Post a Comment