ZINSURANCE |
A blog to help you prepare for life's unexpected
|
ZINSURANCE |
A blog to help you prepare for life's unexpected
|
![]() Since COVID, more than any time in my 20 years in the industry, people have become increasingly interested in understanding how much they should calculate in their financial planning, should something happen to them, to ensure their family is taken care of and not strapped or stressed financially. I am not alone in noticing this uptick in interest. According to a 2021 LIMRA survey, 44% of households said they would face financial hardship within six months if the primary wage earner were to die prematurely. For 28% of households, financial hardship would hit within one month. This was alarming, to say the least, and with the scare of the pandemic taking many lives unexpectedly, it raised the awareness of need in the minds of many. So, how do you calculate what is needed? It shouldn’t be just about what is needed at a basic survival and household level, but also what is desired as well. 6 Considerations for Calculating Needs & Desires
Part of preparing for life’s unexpected is to have peace of mind. Here are some calculators to help: P.S. Check out LCZ Consulting's ever-growing Insights Library. Confused by insurance terms. Check out our Glossary!
0 Comments
Leave a Reply. |
About the BlogHi, I’m Lori Capozza Zeind, Archives
April 2023
Categories |