Beneficiaries miss out on life insurance benefits all too often. The odds that you’re owed money from a lost, forgotten or unknown policy are about one in 600.
Besides life insurance, there may be other assets a deceased person might have that family members may be totally unaware of. Without an organized list, your loved ones and beneficiaries may be missing out.
As 2020 approaches, many of us will be contemplating goals. What we want to achieve, what life changes we want to put in place or what habits we want to get rid of. And most of us will make pretty good progress until other things, and life, get in the way. This usually happens around February 1st.
Getting distracted and even derailed from these goals isn’t uncommon. Less than 10% of us actually make good on our New Years resolutions. The good news is there are easy ways to improve your success. Implementing these can help you stay on track and achieve success with your goals.
In a recent report we touched on the importance of keeping certain financial documents.
Today, we are taking a deeper dive into what you should keep and for how long. We’ll also give you suggestions on where to store documents, and when they are no longer needed, how to get rid of them.
What information do people need to access in emergency situations?
A trip to the ER may require:
List of allergies, current medications, medical history, doctor contacts, family contacts, insurance information, photo identification.
A fire or natural disaster may require:
Identification documents, insurance documents, proof of ownership (such as deeds or titles), access to bank accounts for emergency cash, pet location information, medical information and family contact information.
So where do you keep this information? Is it accessible and is it secure?