Tuesday, May 15, 2018

The cost of Death, is your family covered? with Jenny Life

This is a sponsored post with Jenny Life Insurance and BraVoMark. All opinions are mine.

Life insurance is important to everyone, especially if you have a family. Have you ever considered what it actually would cost your family if you or your spouse died? Along with the huge emotional struggle death leave, there is also is also the finance struggle from losing the income of a spouse. Did you know Americans die with an average debt of $62,000? While in the grand scheme of things that doesn't seem like a lot it does add up. And when you figure in Parents paid an average of $15,895 for full-time infant care (source) and A four-year student entering a public college will pay an average of $34,788 in 2020 per year (source), planning ahead is something we all need to do. 

That's why looking into plans from Jenny Life is so important. Their Seattle-based team of insurance specialists and software engineers teamed up to build a much better process. The result is a mobile application for your Apple or Android phone that allows you to get a quote and apply for life insurance in a few minutes, entirely EXAM-FREE! You can get life insurance without ever having to sit in an exam room or have a nurse come to your home. The Jenny Life application allows you to get an instant quote and apply for life insurance entirely from a mobile phone and is available in 48 states.



Additionally, Jenny Life Insurance interviewed four women who lost their spouse. Here is some correlating feedback they received from all of them. What they found most powerful is that they all four mentioned these key pieces being problems, though we interviewed them individually.
  • All stated that they wished they had MORE life insurance
  • All were surprised by how LITTLE the policy face value was through their spouse’s employer
  • All were uncertain (at first) about how they would get the insurance $$$ (payout/redemption)
  • Anticipate that some will try to take advantage of you (e.g. overcharging for expenses) during your time of weakness. Discuss all financial transactions above a couple hundred dollars with a friend/family member to make sure the purchase/financial decision is sound.
  • The big recommendation from all women was to immediately connect with a friend who has lost a spouse as they can prove a source for a wealth of information. And to build a "support team" of 3-5 friends/family that you can put around you. Ask them for help and lean on them for help.
  • They recommend that when you lose someone to start two boxes: 1) one for bills, 2) one for condolence cards. You'll want to have a central place for all the bill that you can in time organize. Many condolence cards include thoughtfulness and even $$$. In time, you may want to send out hand-written notes and thank you cards to some of those people who showed they care. The process can prove therapeutic.
  • They said to expect that the groups you hung out with previously can change. Two women cited being felt like they were left out because their spouse was no longer alive
  • Learning how to cope with the state of shock/blur/cloud/haze was difficult.
  • Anticipate people who you think you should be able to lean on won't be there to support you, and people who you could have never imagined will step up and help you.
  • They suggested finding a counselor, therapist or other mental health professionals who you can work with.
For more information, you can visit www.jennylife.com. You can also follow them on Facebook and Twitter to get all the latest updates or check out their videos on Vimeo.

As always keep it southern y'all!

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