It is a natural inclination to worry more about our dependents then ourselves, and the same is true when it comes to life insurance. Two of the most frequently asked questions when considering life insurance are what financial resources will be available to survivors after your death and, what will their needs be? There are generally three categories of resources: (1) Social security and other retirement-related survivor benefits; (2) life insurance; and (3) other assets and resources. However, it isn’t just the existence of the resource that is important, it is knowing when the resource will be available – for example, social security survivor benefits are payable immediately to a surviving spouse with dependent children, but only after age 60 if there are no children. Thus, the relatively immediate availability of life insurance proceeds is important considering that of the three general categories of financial needs (1) final expenses; (2) debts, and (3) income, almost all of them are immediate. Call us, we can help you navigate this difficult topic. We’re always here to help.