TheLionWithin.Us: How to Control Your FinancesSample

# Insurance and Wills ## You must always watch your back and be prepared for the unexpected. As Proverbs 13:22 says, leaving an inheritance is something to strive for. That can be done in many ways. Helping future generations monetarily can bring you great joy, especially when you realize that they have been taught how to be good stewards by observing your behaviors. Two great ways to ensure your inheritance will be a blessing is to have adequate life insurance in place and wills detailing how you wish assets to be managed and distributed. It is not pleasant planning a future without yourself in it, but you must step up and get this box checked. Your loved ones will have enough grief and stress to work through if you pass (especially if it’s unexpected), and you can show them a final act of love by having all your final wishes detailed. It would be a blessing to take the financial burden off your family. A good rule of thumb is to purchase 8-12 times your annual salary in term life insurance, generally for 10-20 year terms, to provide maximum protection. This is only needed during the highest years of risk, which is when you have dependents living in the home. The goal is that once you’ve reached retirement age, you will have built wealth, and life insurance will no longer be required! Take another step towards leading your family well and get the proper insurance and wills in place before it’s too late. ### Question to Consider 1. If something happened to you tomorrow, would your family be covered financially for years in the future? 2. Does your family know your final wishes to ensure your legacy is honored? 3. What actions will you commit to today to be the leader God intends you to be?