57. Hedging Your Financial Bets Against Death

It's No Secret

On today’s podcast, we're joined by Insurance Specialist & Financial Adviser Carley Ellis to dive into the financial side of death.
As a topic that isn't often openly talked about, today we have an honest chat about ensuring the cost of death - those around you, and yours - don't lead to having a large impact on your situation, particularly in a time of grieving.
Specifically, we speak about:

• Why we're not talking about money and death, but need to!
• What happens to your assets when you pass away
• Why having a will and enduring power of attorney (EPA) is so important
• Life insurance: What's the right type, the right amount to insure for, and what parties involved - policy owner vs the insured
• How ACC can help in the case of death by accident and the type of assistance available to the surviving spouse and kids
• Funerals – how much do they cost and what are the options?
• Things to consider and questions to ask when it comes to life insurance and how a financial advisor can help.

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Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.