This year along with gleefully putting away the scarves, gloves and snow shovels, why not make part of your spring cleaning taking a careful look at insurance policies, wills and health care directives? Often things in your life have changed since you first created these documents. What situations have changed for you? Are all your directives still valid, or is someone you haven’t spoken to in years still your executor? Isn’t spring a perfect time to dust off those documents, and rethink your priorities?
Since I sold my company 5 years ago, first we got rid of the partners life insurance. Now, I’m looking at my disability policies. Should they be changed to long term care as that might be more relevant to my life going forward, or were they written long enough ago that they’re too good to give up? Mind you, if you are disabled, according to a recent GMA investigation, you might find yourself being tracked by the insurance company. Isn’t it always amazing that you pay so much for insurance, and they’re so loathe to pay it back to you? Maybe the answer is to cover your bets, and keep most of the disability and add some long term care. What do you think?
Then, I’m making an appointment with my attorney to review my will, health care proxy, etc. to make sure they’re all up to date, and still the way I want them. At the same time I’m going to review my beneficiaries, and update those retirement plans and insurance policies. Remember the blog from a few weeks ago? Maybe this time I’ll even get my husband to finish and sign his (hint, hint).
What documents do you have that could use a little spring cleaning?
Don’t forget the other Blogging Boomers, this week’s carnival is hosted by So Baby Boomer.