Parents: Do you have your emergency details ready?
Do you have kids and retiring (or retired) parents? If that’s you, you are “sandwiched” as you have all the responsibilities for your kids and your parents on your shoulders.
I feel you, that pressure is real, especially since there are a lot of non-communicated “heavy” things from the parents… like their will, insurance details, retirement plans, and what they want to do with their assets in case of their passing... It’s tough.
An easy way to start is a “Family Emergency File”, which includes these items for each family member:
One-pager insurance summary
Insurance types
Major benefits
Sum assured
Agent contacts
Emergency wallet card
Summary of the one-pager
The benefits of having this file are:
Get to know unused benefits
Know if there are any cash values available for other usages
Know your rights
Discover if any insurance duplications
Cleaned-up multi-company insurance plans in one file
Consolidated emergency contacts for the entire family
Start the conversation of proper planning with your partner and parents
Know what’s included and what’s not covered for your retiring parents. No surprises in future expenses.
This is part of my “Project Gracious” program, an initiative to help young families with kids and retiring parents better equip themselves for the future. We understand as young parents, you are being “sandwiched”, and most of the family members’ expenses are on your shoulders.
All services under this program are free to give back to our community to work towards a happier family life. There is a limited quota every month, first-come-first-served. If you are interested in this service, make your appointment via the booking button below. Speak soon!
