I’m on a roll. Here’s what I’ve done today. (No more procrastinating…)
Term Life Insurance – I went online (to insure.com and zanderins.com) and got quotes for two term life insurance policies, one for me and one for wife. I chose 20 year level term policies that equal 12 times our annual incomes. (We already have two term life policies, and we may or may not choose to keep them, once the new policies are approved.)
Disability Insurance – Again, I requested quotes and applications from zanderins.com. The applications should arrive in the next few days.
Wills – I spoke with my attorney. Tomorrow, at 11:00 AM, my wife and I will sign our new wills. Tomorrow night, I’ll sleep soundly.
Renter’s, Automobile, and Umbrella Policies - Right now, I have sufficient Renter’s and Automobile coverage. But, I have my policies with two separate companies. I’m looking into moving those policies to a single agent – and then obtaining an Umbrella policy. Tomorrow, I’ll contact both of my agents and see what each offers. (I might end up canceling both policies and going with an entirely new agent, if need be.)
Organizational Steps -
I spent some time today organizing several of our important documents. I put our marriage certificate, the kids’ birth certificates, and our income tax returns in a safe, secure place. I also made copies of all of our insurance policies. Tomorrow, I’ll put a copy of our new wills in the same place. And, I updated our list of accounts. (I update this list two or three times a year, so that my wife will have easy access to our current financial situation.)
I’ve done all that I can do for today. Tomorrow, we’ll sign our new wills and I’ll call both of my insurance agents. It feels good to get the ball rolling and it will feel even better, once all of my bases have been sufficiently covered.