Worried About A Bad Family Medical History? How To Prepared
If you or your spouse have a family history of severe medical problems, and you worry that one of you may end up with their life cut short, or with extreme medical needs, you want to start planning right away. You want to plan ahead so that the issues that you have aren't made more stressful by money, in case someone passes or has medical concerns. Talk to a lawyer and insurance agent about the following things.
Estate Planning Options
It's important to have a living will and to have your estate planned no matter what your health condition is. You should talk with a lawyer about who will me the medical power of attorney if something happens to either person or both people, and what you want done with your finances, properties and more. Get this out of the way so you know how much money you will need to settle debts and get the care you need.
You need to have life insurance to help plan for a funeral, cremation, or other final expenses that could come up when someone passes. You'll want to get an estimate from a company like Veltkamp Agency Inc for what it would cost for you or your spouse to pay for the other person's funeral arrangements, and then what it would take to live without another breadwinner in the house. Chat with an insurance company like Veltkamp Agency Inc for more information.
Long Care Insurance
If you fear that one of you may need some long term medical care in an assisted living facility, or in a nursing home, be sure to take out the policy while you are younger and healthier, because the cost for the policy will only increase over time as you develop health complications. You want this in place before you need it, so the care isn't a financial burden on your life.
You don't want to end up struggling financially because you have to deal with your spouse's final funeral arrangements, or because you can't afford to get them the care and medical treatment that they need. Talk with the necessary professionals so that you can get the policies that you need, and so you can live your life without worry that a medical mishap will ruin the future of the other spouse. Price compare different plans and options until you find the coverage that you feel comfortable with, and then get everything documented with a lawyer.