You may have heard about "the right to die" in the news recently. But how does it relate to life insurance?
Recently, the Vermont House voted in favor of allowing physicians the ability to provide assisted suicide through a process of lethal doses of medication to individuals with terminal illness. With the legalization of this practice, Vermont now becomes the third state in the U.S. to participate in this course of action, joining Oregon and Washington.
Of course, there are several pros and cons for each side of this oft-debated subject, but what do you think? Should the terminally ill be afforded an opportunity to decide their own fate, or is this a slippery slope? End-of-life planning can be a difficult topic for many, but it’s one of the most important aspects to discuss with your own family as well as your clients. For instance, you and your clients should think about these questions:
- What are the end of life care costs?
- How will I pay for funeral and burial costs?
- Is my family protected?
Individuals in the three states above legally have the right to choose a self-assisted solution for themselves, but more than likely, they have family to consider, too. Be sure these things are taken care of when the conversation does arise, so everyone involved knows the options.
Tackle the uncomfortable conversation early. Create a plan. Be free to fully live the rest of your life with one less worry.
If you need help with a particular client's end-of-life financial planning, call us at 1-800-823-4852 or click here to email our Brokerage Sales Support team. Being a full-service digital BGA allows us to spend more time helping you, the agent, present the right financial solutions to your clients.