Planning for the modern family: 3 life insurance scenarios
June 25, 2016 by Jill Perlin
The term “family” has a different, more expansive meaning today than it did in decades past. In the 1950s, one of the most popular television shows invited viewers to join the “Adventures of Ozzie and Harriet,” which centered around the Nelsons — Ozzie, Harriet and their two sons.
They were a traditional family: Harriet stayed home and never seemed to leave the kitchen. Fast forward to today, and we are entertained by the lives of the new “Modern Family.” This popular show’s main character, Jay Pritchett, is divorced and remarried to his second wife. They have a stepson, an infant son and two adult children.
The two fictional television shows illustrate how times — and needs —have changed, highlighting new family dynamics that could complicate the financial planning process. Understanding common family situations and raising the right questions with clients and prospects is critical to helping today’s families know how to use life insurance to manage complex issues and protect themselves. Click HERE to read more. LifeHealthPro articles require free registration to view