26/10/2023
I have been a Financial Advisor for almost 4 years, and during that time, I've processed several minor claims, such as medical reimbursements and hospital income.
Regrettably, the first death benefit claim I had to handle was for my own father.
In 2020, I secured an insurance and investment policy for him as an additional retirement plan. As a Financial Advisor, I practice what I preach, ensuring our family's financial preparedness against emergencies while also pursuing various investment goals.
This was my way of giving back to him for his years of hard work ensuring we led a better life.
Sadly, God had other plans.
While it was devastating to confront this reality, it brought some comfort knowing that he left behind a financial legacy for my mother. The amount wasn't much since my father was insured later in life, but it significantly helped my mother recover some expenses and enjoy a little extra.
In hindsight, I wish I'd chosen higher coverage to provide more for my mother in her golden years. Apparently, it’s too late for that. Now, it is up to us to make up for her future.
Fortunately, my family could manage the sudden funeral expenses, but not every family can. Some might need to secure loans or seek help from others due to the considerable costs.
I couldn’t imagine the difficulties other families may go through dealing with financial problems, funeral preparations, and grieving simultaneously.
I'm just grateful we were spared, thanks to the money my father left behind.
I realized that this may be one of the reasons why God put me in this meaningful profession. Without the financial knowledge I've acquired, I might not have insured my family. It has only strengthened my resolve to promote financial literacy and assist every breadwinner and parent in planning their legacy, regardless of their income.
This isn't a marketing pitch but a sincere post to raise awareness about the importance of financial planning.
When you get the chance, consult with a trusted advisor.
