Thursday, January 17, 2008

How to Back Up your Life

Article from Lifehack.org, on how to "back up" your life including career, personal finances, life insurance, retirement, personal records, and valuable items.

"Any retirement plan should also have the spouse’s name on it in the event of a tragedy. Each of you should also have your own credit card. Too often I see spouses just added on as users to the credit cards without realizing that they are just authorized users and not actual account holders. It is important to build your own credit and not just rely on your spouse’s.

Dick Watts Insurance
12200 Shelbyville Rd 112
Louisville, KY 40243
502-245-3625


-Always insure valuable items. The engagement ring you bought your wife, the family heirlooms your mother gave you, antiques of value in your house, etc. It is important to inventory your items of importance in case of a natural disaster, fire or robbery. Get them appraised first before insuring. You might also want to take photos of the items and put them somewhere safe...." from Lifehack.org
The article recommends Life Insurance and listing the other spouse as a beneficiary