It is so hard to think about death, our own or our loved ones’. We know we should plan for what would happen if we were to pass away suddenly, but often, we put it off.
A sudden death reminds us that we do not know the day or the hour ahead of time, and it’s always a smart idea to plan ahead. Take a few simple steps to make things easier on those you love:
- First, make sure you have joint owners or beneficiaries on all accounts, with FRBFCU® and anywhere else you have money.
- Second, save all personal online login info somewhere accessible to your loved ones. People have many passwords nowadays, from the credit union to bills to important accounts. It is important that at least one person be able to know and access these accounts with the correct information to handle the accounts after death. Specifically, your computer and your phone are extremely important for your loved ones’ to be able to access.
- Lastly, be sure to get life insurance. Even a small policy can help with funeral expenses as to not place a financial burden on loved ones once you’re gone. A larger policy will help with your home and if you have children, their education. There are plans that fit every budget and every need.
If you need to appoint joint owners or beneficiaries to your FRBFCU® account(s), contact us today. If you need to enroll in Life Insurance, we have partnered with TruStage to offer life insurance and other insurance to our members.