Be Safe, Not Sorry
By Candace Bahr

What Steps Can You Take Now to 
Protect the Security of Your Family?

One of your first financial goals should be protecting your family's security from catastrophe. 

To do this, you need to look at four things:

• First, it's important to have enough insurance in all major areas. These major areas are life, homeowner, disability, medical, and disability income insurance (which will keep money coming in if you are unable to work due to injury or illness).
  
   
• Still on the topic of insurance, you can also buy umbrella liability insurance to protect you from major lawsuits. These "Umbrella" policies take effect once your auto and homeowner insurance policies are surpassed. This will also cover you for lawsuits for defamation of character, invasion of privacy, libel, and slander. Not to mention any damages from use of non-owned property in your possession.
  
  
• It's also very important to have a power of attorney. This will give someone you choose the power to make decisions on your behalf when you can't.
  
  
• Lastly, you want to have a cash reserve for any sort of emergency that might occur, such as unexpected medical bills or major home repairs.

There's that old expression… "Better safe than sorry". Those are good words to live by, especially when it comes to your family.