Questions To Ask

Questions to Ask About Financial Protection
Disability Insurance
• Do you/your spouse have it?
• How long does it last?
• How much will it pay you (benefit amount)?
• When will it start to pay you?

Long Term Healthcare
• Do you know how you are going to pay for long term healthcare, if needed?
• If you have a policy, ask the same questions under the disability insurance

Loss of Life
• Do you/your spouse have life insurance?
• How much is it for?
• How long does it last?
• Who is the beneficiary?
• Where is the policy?
• Wills, Power Of Attorney (POA) for healthcare, POA for financial matters, living will?
• Where are the documents? Who are the POA’s for finances, healthcare, executor of the will?
• What do you want to happen to your “stuff” when you die?
• Do you have to worry about estate taxes? (Federal and TN limits are different)

General
• Retirement plans?
• Type – Traditional IRA, pension, 401(k), 403(b), 457, Keogh, profit sharing, SIMPLE, SEP, ROTH?
• What are they invested in – mutual funds, stocks, bonds, annuities?
• Who is the beneficiary?
• Do the benefits continue after the employees death (pensions/annuities and health care)
• Usually a decreased amount – know what that is
• Do you know when you can retire?
• Are you not paying yourself first?
• Do you know what is covered under your home and car insurance?