Very few people like to think about what their family would do if the worst should happen, but it is an important topic to contemplate as
part of a sound financial plan.
As more and more people realise the importance of making a will, it's no longer seen as something just for the elderly or ill but simply part
of sound financial planning for any family or individual.
Life Insurance can be the
cornerstone of sound financial planning as you and / or your beneficiaries can use it to replace income, pay final expenses, create an inheritance and pay «Death» Taxes for Federal and State «Estate» settlements.
Cambridge's book helps individuals identify the building
blocks of a sound financial plan, learn about the emotional relationship people have with money, and look at their finances in a more positive and productive manner.
The reason I say this is because an emergency fund is considered a foundational
element of a sound financial plan and for a personal finance blogger to even entertain the idea of not having (or needing) one would be a hard thing to swallow.
Rewind 70 years and homeownership wasn't a cornerstone
of sound financial planning.
But, writes Jason Heath, they are not they only part
of a sound financial plan.
Most Canadians understand that life insurance is an integral part
of a sound financial plan.
Life insurance helps protect your loved ones and is an essential part
of a sound financial plan.
Part
of a sound financial plan is to make sure the caulking is tight and you've got a strong defense to protect your assets and valuables.
Applying is fast and easy Life insurance is an essential part
of any sound financial plan.
Life insurance not only provides peace of mind to you and your loved ones but can be an essential part
of a sound financial plan.
This is an important component
of all sound financial plans.
The fact is, life insurance life insurance is very much a fundamental part
of a sound financial plan.
Much like insurance that protects assets such as your car or home, life insurance can be part
of a sound financial plan that protects your income.
Adequate disability income insurance is a critical component
of any sound financial plan.
It's part
of a sound financial plan and goes along with a will, POA, emergency account, real estate and investments.
Many financial experts consider life insurance to be the cornerstone
of sound financial planning.
And since it is a key part
of sound financial planning, and protecting the future of your family and heirs, it might not be wise to make a DIY decision, especially since you're going to keep that policy for at least a decade.
Reverse mortgages are best used as part
of a sound financial plan, not as a crisis management tool.