Are Your Important Documents Secured?


3. Insurance Details

Claiming death insurance is a cumbersome process done during an emotionally turbulent time. Imagine how worse off the family can be if they do not know the details of the policy. A little video tutorial to explain to your family how to go about filing for say, Mortgage Redemption Insurance would lighten the difficulty of the situation. The video may even be comforting because of the perception that you are still around to keep an eye out even after death.

Also, many people don't know that Debit cards from certain banks provide a small amount of life insurance as well. The amount promised is usually much larger when death is caused by accident. Ensure all opportunities for benefits are written down and communicated well.

4. Pension Documents

Pension and provident fund forms can be complicated for your family, and in some unfortunate instances, the payout takes years to happen. To avoid complication and delay, make sure account numbers and nomination details are at hand. Also, if loans are taken against pension, ensure the details are properly written down to avoid possible legal tangles.