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Legacy Planning Is a Journey, Too

Legacy Planning Is a Journey, Too

It’s certainly well known and by now is probably bordering on the cliché: “Life is a journey, not a destination. “ But over usage hasn’t changed the basic meaning of the phrase. While there are a number of nuanced interpretations, basically life’s journey is simply how life – and the person living the life — progresses from one situation to another, filled with circumstances, positive and negative, effortless and challenging, successful and unfortunate.
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Customer-Centric Is a Mindset

Customer-Centric Is a Mindset

Giving customers online and mobile access does not automatically make a company customer-centric. Those are distribution channels. And they seem to be the migration that many life insurance companies have taken. Moving from captive distribution to independent distribution to the newest strategy of direct to consumer is still distribution-focused.
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Money and Marriage

Money and Marriage

Why do so many couples have trouble talking about money? In a survey by the National Foundation for Credit Counseling, 68 percent of the people responding held negative views toward having a discussion about money with a fiancé. Five percent of them even felt that it might lead to cancelling the wedding.
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Kids, Chores and an Allowance

Kids, Chores and an Allowance

There seems to be an ongoing debate over whether or not a child should be paid to do chores. Most people feel a child should be expected to help out around the house because they are part of the family, not because they get paid to do it. You don’t want to create little mercenaries who balk at helping unless they are paid to do it. But an allowance that is just handed out becomes just that – a handout – and doesn’t help a child learn the connection between work and pay. 
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Check Your Beneficiary Designations

Check Your Beneficiary Designations

I regularly urge readers to organize their estates and I’ve talked at length about including all assets in that planning, so I would be remiss not to mention an important piece of estate organization advice. Make a habit of periodically checking the beneficiary designations on your life insurance policies – as well as other financial accounts for which you may have beneficiaries. The reason for this is that these designations bypass your will. That means that the proceeds of the insurance are not controlled by your will but rather the beneficiary designation listed on your policy.
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