Survivor Needs
At Sinclair Billard + Weld we can design a plan to ensure that your family will be taken care of in the event that you no longer can. To provide for your survivors we will determine your personal objectives, evaluate your current situation and discuss appropriate solutions to obtain the necessary resources.
It is important to understand the immediate expenses your survivors may face upon your death. Some of these include final expenses, mortgages and debts, emergency expenses and education/dependant needs.
In addition to the immediate needs of your family, there are other long-term expenses that you may wish to finance. For example you can provide financial assistance for the day-to-day living expenses of your family such as food, clothing, utilities and other necessities. Generally, to cover your immediate and long-term needs you should replace between 60 and 80 percent of your current income for the survivors' lifetime.
There are many different options available to cover your survivors immediate needs including cash assets, and life insurance. Long term needs can be provided through government programs, employer pension programs, investments and life insurance. Working together we can define your needs, determine your available assets and discuss options to address any shortfalls or surpluses.
Call us about a review of your survivor needs.
