Certified Elder Care Attorney, Victoria Collier, talks about Life Insurance Awareness Month and encourages readers to explore the benefits of including it in estate and asset protection planning.
Decatur, GA, October 16, 2017: Victoria L. Collier, founder of The Elder & Disability Law Firm, has posted a new article on her law firm’s website entitled “Some Thoughts On Life Insurance Awareness.” Ms. Collier provides compelling statistics that show there is a need for greater awareness.
Collier writes, “Even though a majority of Americans recognize the importance of life insurance, the fact is that four out of 10 adult Americans have no life insurance at all.” She continues adding, “For this reason, each September, Life Happens, a non-profit organization coordinates Life Insurance Awareness Month.”
According to Collier, “Life insurance is typically an important part of estate and asset protection planning. However, determining how much and what kind of life insurance to buy can be complicated.”
“The purpose of life insurance,” Collier says, “is to provide both peace of mind and security to families that are confronted with the death of a loved one.” She states, “While the life insurance industry provides protection to 75 million American families there are 95 million adults who have no life insurance at all. And typically those with life insurance have, on average, far less than most experts recommend.”
Collier provides several statistics including, the fact that, “Each year, a significant number of Americans (600,000) die prematurely. In fact, the chances a 25-year-old male will die before reaching the retirement age of 65 is nearly 1 in 5; for a female, the odds are 1 in 9.”
Collier states, “Buying life insurance can seem so overwhelming that many people are tempted to avoid it.” She elaborates, “This is why most people buy life insurance through agents or financial advisors. As I mentioned earlier, it’s complicated. However, a qualified professional can take you through a process that will help you understand clearly the benefits. A qualified professional will conduct a comprehensive financial needs analysis, and walk you through the multitude of questions you need to consider to determine how much and what kind of insurance is right for you, given your budget.”
The entire article can be read at http://www.elderlawgeorgia.com/thoughts-life-insurance-awareness/
About Victoria Collier
Victoria L. Collier, CELA founded The Elder & Disability Law Firm of Victoria L. Collier, P.C. to serve the legal needs of seniors when their health care needs increase. Victoria is also Co-Founder of Collier Scott Financial Solutions, LLC. At both firms WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability.
Victoria enlisted in the U.S. Air Force during Desert Storm, 1989-1995, and also served in the U.S. Army Reserves, 1Lt. 2001-2004, JAG Corps. Victoria is a national expert on the VA Wartime Pension for veterans and their widows who need additional assistance with activities of daily living and helping them qualify for and receive tax-free income from the VA to pay for it. Victoria graduated from Valdosta State University with a B.A. in Psychology and then University of Nebraska, College of Law. In 2014, Victoria was awarded with the Alumni Master Award from the University of Nebraska.
Victoria is a Certified Elder Law Attorney through The National Elder Law Foundation and has been named as the only attorney in Georgia as “Fellow” of the National Academy of Elder Law Attorneys (NAELA). Victoria was appointed by Governor Perdue to the Georgia Council on Aging, 2010 – 2016 and was awarded Dekalb County Veteran of the Year, 2013. She is the author of 47 Secret Veterans Benefits for Seniors; Paying for Long Term Care – Financial Help for Wartime Veterans: The VA Aid & Attendance Benefit. Victoria has co-authored several books: Blooper Episodes in Estate Planning, Don’t Go Broke in a Nursing Home, and Protect Your IRA: Avoid the 5 Common Mistakes. Most notably, Victoria co-authored the National Best Seller, The Road to Success, with Jack Canfield, author of Chicken Soup for the Soul series.
About The Elder & Disability Law Firm
The Elder & Disability Law Firm was established to serve the legal needs of senior citizens when their healthcare needs increase. The Firm focuses its entire practice on Elder Law and Estate Planning matters, which encompasses the areas of Asset Protection, Medicaid Planning, VA Benefits planning, Estate and Special Needs Planning. Victoria Collier has grown her law practice through her personable nature and good management skills.