Why would you not get an insurance on your life?
Three things in life are certain. You will pay taxes. You will die. And you will pay more taxes.
Us as a nation spend countless hours preparing for taxes. We gather receipts, we sit down with accountants, we collect documents so that we can file taxes. However, the one inevitable that all of us have – death – is often ignored and pushed to the side to be dealt with at a later date. “It’s not going to happen to me, well anytime soon anyway.” is what we all think.
Here is some info on when to get life insurance.
That’s what’s ironic about how we approach this subject. Death. We have the whole life to prepare for it, so we don’t. It’s not talked about with your parents because we don’t want to offend them. That was the case with my grandfather. Years, I mean years, probably good 4~5 years after his passing, we received a letter from someone who said he noticed unclaimed property from the state of Hawaii under my grandfather’s name, and that he can help us recover. We actually followed up on that letter. It was a life insurance policy that he had, and was news to us, even though the amount wasn’t that much. Nevertheless, it was kind of exciting that grandfather had thought of us. Long story short, because he was in a nursing home and his asset was depleted by the time of his death, any asset under his name was to be used to pay down what state covered for his nursing home.
Few things here. We had no idea about this life insurance. We ended up finding out through an unclaimed property chaser, people who find unclaimed property and “help” people get their money, and collect a percentage of it, even though anyone can go through the claiming process themselves. There was absolutely nothing left for us. We didn’t even know the existence of the life insurance policy, so we don’t know what that policy was for, why he had that insurance. Communication on this inevitable would have helped. Any amount would have been helpful, but nothing was left – the coverage was inadequate. He was underinsured.
Especially in Hawaii, with property values so high, if you want to pass on the hard built life to you next generation, it is important to have adequate insurance coverage. If you are looking for a life insurance in Mililani, there are few options. Especially now with the tax season coming up, it’ll be a good time to visit how well your death is covered. After all, your life is infinitely more important than your car or your house. I bet you have auto insurance and property insurance. Do you have insurance on your life? Think about it. I recommend you contact a Mililani life insurance agent as soon as possible.…