Will Your Pets be Taken Care of In the Event of Your Passing?Article Posted by Expert Author: Adam Foley on 11/01/2013
Many people consider their pets to be part of their family. In fact, there are plenty of folks who think of their four-legged friends as their children. Unfortunately, a large percentage of these people do not have a plan in place to ensure their well-being in the event of their passing. If this sounds like you, then you are certainly not alone. It is hard to think about leaving your pets behind, but it is important to take the necessary steps to ensure that they are cared for and loved. You may assume a family member or friend would take them in, but at the same time, you have to understand that it is a huge financial responsibility, especially if you have multiple pets. They may want to care for them, but if they are already living on a tight budget, it may not be an option. This is where life insurance comes in.
You might be thinking that you have no need to compare life insurance quotes, if you don’t have children to leave the money to. Most people are unaware that they have the power to state who their beneficiary is, and the person does not even need to be an immediate family member. This means that you can have it clearly stated in your will who will have privilege of caring for your pets, and you can make sure they have the money to take on the responsibility of vet visits, food and toys, thanks to your life insurance policy.
Article Posted In: Great Planning Tips
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