Protect your family's lifestyle and future
Plan ahead and be prepared for unexpected
Most families in developed countries live in credit. They borrow money from banks for buying properties and renovations, furniture, cars, expensive household items, study, and holidays travel. We live in unpredictable world and when someone goes missing, it is an unbearable tragedy for the family. In situations where the provider of the family suddenly disappears, in addition to moral stress, the affected family experiences enormous financial difficulties that do not allow them to continue their previous lifestyle. In some developed countries, the families of missing providers may be eligible for social benefits to support the family’s living expenses for a certain period of time. In many other countries, the families of the missing can only rely on themselves.
People can go missing or even die unexpectedly at any age and at any time as a result of natural disasters, war conflicts, human trafficking, terrorist attacks, homicide, car crashes, serious illness and other tragic events. That’s why many people not depending on age, social status and state of health making some arrangements in advance to be sure that, if something bad happens with them, then their families’ everyday life will not be affected.
Ask yourself: have you thought about your family if the worst thing happens with you? Will your family be able to continue their normal life without you? And who will provide for them? Many people around the world ask themselves the same questions. And the only rational solution to this problem: to have insurance cover from reputable company, which will suit to your budget and family needs.
It is quite common these days for many families to plan ahead for protecting families in the event of possible disability of family providers, job loss, terminal illness, disappearance and death. This is especially important for single parent families. You don’t have to worry about bad things, if you and your family have good Insurance package from reputable Insurance Company.
How to choose the right insurance company
All the risks that people face in the modern world involve not only pain and suffering, but also hurt financially. Insurance is the only way of being prepared for the worst; it offers the surety that the economic part of the pain will be taken care of. Life Insurance, Income Protection Insurance, Property, Car and Home Content Insurance, Health Insurance, Disability Insurance, Funeral cover and Customized Insurance plans are the most common products that Banks and Insurance Companies may offer to you and your family. As with any product, you need to do your research, shop around, and find an insurance company that fits your needs and budget. You need to consider different things when deciding which company to buy insurance covers from.
The first thing you have to look at is the credit rating of the insurance company or the ability to pay claims on time. It should be rated “A” (Excellent) or better by A.M. Best Company which is recognized worldwide as the benchmark for assessing insurers’ financial strength. This will guarantee you that the company has appropriate actual solvency capital so as not to go bankrupt in case of simultaneous mass insurance claims, for example, in the event of a natural disaster and will fulfill its obligations under the policy. Than, research the insurance companies you’re interested in history/reputation. By by visiting their websites, you may learn: how long they’ve been in business; in which countries they sell their products; their mission, vision, and values; company leadership; community involvement; types of products they sell; financial strength and customers reviews.
Will or Testament Writing
According to statistics more than 60% of missing people never come back home. In most countries a person can be declared dead in timeframe 7-10 years in absentia. A Will is a legal document which sets out who’ll receive your property and possessions when you die. When you have a valid Will, you give yourself the best chance of making sure your assets go where you want them to. So you should always make a Will if you have a family or if other people are financially dependent on you.
Inheritance law is different in each country and even may differ from state to state in big countries like US and Canada. Although writing your own may seem easy enough and some people choose to to make their own will, the law around wills can be complex. No matter your age or financial status, it’s never too early or too late to think about writing a will.
Each family has assets like money in bank, house, cars, expensive house hold items, jewellery etc. A person who dies without a will is called “intestate,” and in that situation, the state laws regarding inheritance determine asset distribution regardless of what the deceased person may have wanted. That is, under intestacy laws, a distant relative could end up inheriting a deceased person’s estate instead of his or her lifelong companion. A last will ensures that a testator’s wishes regarding asset distribution is followed and that the state’s intestacy laws do not kick in. That’s why it’s recommended to make your “Last Will” document at Law Company to ensure that all details and legal formalities are correct.
It doesn’t take much time to write your “Will” statement. In urgent cases you can do it online or print out the form and fill it by hand. For validation of your “Will” or testament you need to have two witnesses, who together with you will have to write a date and sign your “Will” document. But when you make a homemade will, you risk not drawing it up properly or not expressing your intentions clearly enough. It’s also easy to create a tax liability which your beneficiaries will have to pay. Finally, a DIY will is more likely to be contested, which means the whole process of giving away your assets could end up in court. That’s why, when you make your will, it’s important you have it drafted by someone who understands the law and can advise you on the best way to make sure your assets end up where you want them to. And that means engaging a solicitor from Law company.
These days most Law companies have websites and you don’t need to visit Law office for writing and validating you Last will statement. The document can be done online from your home or office and won’t cost your much. Law companies will provide your forms and advice to meet your needs and ensure compliance with your country Inheritance law. Any lawyer specializing in Family law will be able to help you. This page provides you links to websites and law firms, where you can write your ”Will” for the peace of mind of your family.
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