The unexpected loss of a family member can cause tremendous emotional suffering, but if the loved one was a major contributor to the family’s financial well being, that suffering can be compounded by severe financial strain. By managing the risk of such a financial loss, families can reduce the stress and have some peace of mind knowing the surviving members will be financially secure.
Determining how to anticipate the loss of a loved one can be accomplished through appropriate life insurance planning.
- Family lifestyle - How will a loss of income impact the family and what level of income should be maintained?
- Current debts - Will the family be able to maintain its financial obligations or should these debts be paid off?
- Spouse and dependent care issues - Are there children at home and do they have ongoing educational and support needs? Will the surviving spouse be able to survive on his/her own?
- Existing family resources - What income or assets are available to provide for continuing family needs? Are these resources sufficient?
Securities and insurance products are offered through INVEST Financial Corporation (INVEST), member, FINRA, SIPC and affiliated insurance agencies. JCB has entered into a third party arrangement allowing INVEST to offer securities to bank customers. INVEST is not affiliated with JCB or JCB Investor Services. Products are:
NOT FDIC INSURED | May Lose Value | No Bank Guarantee
This website may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting, or tax advice. You may wish to consult an attorney, tax advisor, or accountant regarding your specific situation. No representations are made as to the accuracy of the information contained herein or any information contained in any link provided herein.
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