Life insurance is an important way to invest in the future, but many families find it difficult to talk about. One reason is that life insurance is associated with death, which makes people sad and uncomfortable. Despite the discomfort of this topic, though, it’s necessary for adult children to discuss life insurance details with aging parents. Here at Swartz Premier Group Insurance, serving Moberly, MO, and the surrounding areas, we’d like to offer you a few tips on how to handle these conversations.
Be Compassionate
First, remember to be compassionate during these conversations, even if you’re feeling frustrated with the lack of information. Explain to your aging parents that you only want to have the necessary information available to you so that you can carry out their final wishes precisely. The less stressed you seem during these conversations, the more relaxed others may become.
Be Realistic About Expenses
You also want to have realistic discussions about expenses. It’s not a secret that everything costs more these days. It’s a good idea for adult children to know how much insurance policies cost so that they can evaluate final expenses realistically.
Talk About Adjustments
If policies need to be adjusted, it’s important to discuss that as well. Adjusting a policy now could save a lot of stress and heartache later on. The last thing anyone wants is to add more stress to their loved ones after their passing.
If you’d like to learn more about life insurance, please contact us today at Swartz Premier Group Insurance, serving Moberly, MO, and the surrounding areas.
