Losing a Loved One
Having others around to help and support you when you lose a loved one is comforting.
During this stressful time, one of the last things on your mind is worrying about changes to your insurance and financial matters. Or, maybe some time has gone by and now it’s on the top of your list of concerns.
Either way, we are here to help ease your mind about your financial future now that a loved one has passed. A COUNTRY Financial® representative can help you make the necessary changes to your insurance and financial matters as part of a tangible plan .
- Handling life insurance needs
One of the first things you’ll need to do after the loss of a loved one is to talk to your COUNTRY Financial representative if the deceased had life insurance. Your financial representative will guide you on how to file a life insurance claim as soon as possible to help take care of funeral, burial, and other final expenses.
- Making changes to your existing insurance policies
Oftentimes, the loss of a loved one creates the need to make changes to your existing insurance policies. This may include things like changing the name on your homeowner’s insurance policy, removing the driver from your auto policy, and updating coverage amounts. A COUNTRY Financial representative can sit down with you to go through all of your current policies and help you determine the updates you need to make.
If you receive a lump-sum benefit from a life policy and/or proceeds from your loved one’s retirement plan, you’ll face decisions on what to do with it.
- Education needs
If you have children, you may consider putting some of the money aside to fund future education needs.
Your own financial future and needs for retirement shouldn’t be ignored. Due to your loss, you’re life has changed dramatically, and this is the time to review your situation to see how it impacts your plans for retirement.
A professionally managed investment account could make sense for your future financial security and take the burden of watching the markets off of your shoulders.
If you have specific ideas on how the assets you receive are distributed to your heirs, you might consider a trust.
Putting It All Together
If you’ve lost a loved one, it’s more important now than ever to have a tangible plan to ensure the financial security of you and your family. You can get that plan by putting our experience and financial strength to work for you. All it takes is a call to a COUNTRY Financial representative in your neighborhood.
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Investment management, retirement, trust and planning services provided by COUNTRY Trust Bank®. Please see our Terms and Conditions for more information about COUNTRY Trust Bank® and its affiliates.
Policies issued by COUNTRY Life Insurance Company®, COUNTRY Investors Life Assurance Company®, COUNTRY Mutual Insurance Company®, COUNTRY Casualty Insurance Company®, and COUNTRY Preferred Insurance Company®, Bloomington, IL. Coverage not available in all states. Read our full disclaimer.