Add Financial To-Dos To Your Spring Cleaning List
When you’re creating your spring cleaning “to do” list, don’t forget your finances. Tidy up now to make things easier for your loved ones down the road. Here are four tips to get you started.
Review Your Life Insurance Coverage
Always consider what is best for you and your loved ones when choosing a life insurance policy. There are factors that affect the type of policy you should buy, such as your age, income and whether you have kids. WoodmenLife has several life insurance options that can help you meet specific needs and provide protection for you and your loved ones. Don’t let the future sneak up on you. Contact a WoodmenLife Representative to find a policy that suits you.
Planning ahead is essential, which is why it is a good idea to collect important information in one place for future reference. WoodmenLife offers a free Planning for Change booklet as a resource for you and your family to organize financial documents. The booklet will help you identify and organize important records and clearly communicate your wishes when you are no longer there to take action yourself.
Prepare for Retirement with Annuities
Your first question might be, “what is an annuity?” or “why should I care?”” Well, if used correctly, an annuity can be a vital part of your retirement strategy. An annuity is a contract between you and an insurance company that pays out money over time or in a lump sum. Before buying an annuity, talk to a WoodmenLife Representative about which of the multiple annuity options we offer best fits your needs. By investing in your future now, you can help ensure a steady income that lasts for years.
Increase the Security of Your Online Accounts
“Incorrect Password, Please Try Again”… We’ve all seen that message before and know how frustrating it can be when attempting a log in. Password management may not seem like the most important issue in your life, but when it comes to security for your important financial documents, it should be a top priority. Password management systems make it so you no longer have to memorize multiple passwords consisting of a combination of characters and symbols. Consumers Advocate offers a list of the best password management systems for 2018.