Just last week I was asked by a colleague if there was one thing in my professional career that I wish I never have to experience again. To her surprise, my response was immediate. I pray that I never have to see a grieving wife and mother lose her home following the premature death of her husband.Even people who are savvy when it comes to managing their money often overlook the foundation of a solid financial plan. The paycheck you bring home on a regular basis may be more than adequate to meet the immediate needs of your family. There may even be some left over for vacation, retirement or even college savings. But what if you weren’t here to provide for your family’s needs? Would they continue to live in the home you shared? Would they be able to pay the monthly bills? Would they be strapped with lingering medical bills? Would your children be able to attend the college of their choice?These are important questions that must be considered. Many people realize the need for life insurance but keep putting it off until it is too late. You may think that life insurance is confusing, expensive and complicated. You may think you don’t know enough to make the right decisions for you and your loved ones. However, postponing this decision leaves you and your family exposed financially. Finding the answers can start with visiting your insurance professional and discussing a life insurance policy that is appropriate for you and your family.September has been declared “Life Insurance Awareness” month, a time for you to take a look at your existing coverage to see if it is adequate. If you don’t have coverage, it is a good time to discuss the purchase of a policy. A primary purpose of a life insurance policy is to provide a dollar amount to the beneficiaries in the event of the death of the insured person. That death benefit can be used in any number of ways, whether for a mortgage, college education or regular income.Life is full of many questions. Being sure that your financial plan includes an adequate amount of life insurance can help you answer at least one question: “What will happen to my family if I’m not around to provide for them?” Please take the time this month to plan for your family. Remember, life insurance is not for you, it is for the ones you love. Proper planning can guarantee a secure future for your loved ones, no matter what happens.Scott Carmack, State Farm AgentScott Carmack Agency7495 McLaughlin Road, Suite 200Falcon, Co. 80831719-495-9515; www.scottcarmack.com
