What happens to all of my assets if I die?
Life insurance1 death benefits are distributed to the named beneficiaries of the policy. However, for distribution of your assets, it’s important to create a living will in order to tell the probate court judge who should receive your belongings. This may also help to speed-up the process. Without a living will, probate could take an extended amount of time, and may be significantly more expensive.
What if I lose my job?
Here are some tips to help you prepare: It’s a good idea for everyone to have between three to six months’ salary put away in their emergency fund5, should the unexpected happen. If you have a mortgage to pay each month, you should consider purchasing Life Insurance1 to help ensure your payments are made.Turn a negative experience into a positive one. Make it a learning experience! Take advantage of this opportunity to develop new job skills. Certain life insurance products offer living benefits that can help make it financially feasible for you go back to school and acquire new skills to stay competitive. Use this experience and your ability to cope with change as a strength, when interviewing with prospective employers. Many employers are looking for people who can deal with change, not dwell on the negative, but instead have the ability to move with the times.