Many senior members ask me "How do I know what coverage I'll need to
protect my wife later in life?"
Here are a few questions to consider:
What will happen to your pension?
What will happen to your Social Security?
How much 401k money will there be after the taxman takes his share?
How will you cover final expenses?
Most wives lose at least a major portion of the pension and the 2nd Social
Security check. The 401k is reduced by 15-33%. Funerals range from $5K to
___K.
Do I need for Long Term Care Insurance?
Recently two Brother Knights and a spouse have experienced long stays
in nursing homes and rehabilitation facilities. Ask them or their spouse
and children what they think after paying out tens of thousands of
dollars.
Are my wills, living wills, health care surrogacies, powers of attorney,
beneficiary designation forms up to date? Do I know where they are?
Is it time for your Fraternal Review?
Why not give me a call?
Fraternally,
Tom
625-2444 thomas.cummings@kofc.org
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