Love and Marriage

February is the month most known for celebrating Love. Valentine’s Day is our opportunity to give gifts to show our love and appreciation for others. Gifts such as chocolates and roses tend to be most common, but there are much more lasting gifts.

If you are looking for that first perfect Valentine’s Day gift for your loved one, look no further than your own life insurance policy and retirement account. Understandably, life insurance and retirement accounts do not sound very romantic, but what can be more romantic than the assurance of continued support and safety, even in the most difficult of circumstances. We promise “until death do us part,” but the gift of thorough estate planning can last well beyond your years together.

To those who have gotten married in the last year, chances are you have not taken the time to update your beneficiary designations. This simple check can be one of the greatest gifts you give your spouse this year. Imagine the heartache of losing a loved one, then only to find that the life insurance policy you were relying on to get you through will be paid to an ex-spouse. It is possible that retirement policy you were hoping to replace the lost income after your loved one is gone was named to a minor child from a previous marriage.

These are things that we do not normally think about, but in the chaos of trying to find that perfect box of chocolates or ideal bouquet of roses, take a few moments this Valentine’s Day to contact your financial advisor and life insurance agents to confirm your beneficiaries. There is no better way to say “I love you” than with the security and peace of mind knowing that even in the difficult times ahead, your loved ones will be provided for by your wise planning.

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