Top 10 things that Mom's need to think about to keep their family safe in case of a tragedy!

Top 10 things that Mom's need to think about to keep their family safe in case of a tragedy!

Tragedy comes in all shapes and sizes. Sometimes the tragedy directly affects your
family by

1. the income that your household brings in 
2. your health where you can't do the same things as you used to do
3. an injury that will affect your job or ability to do your job
4. your house structure burns or floods
5. your personal identity gets comprimised
6. your possessions are stolen
7. a divorce or separation
8. a business partnership failure
9. a business partner death
10. a sickness of a family member
11. a brain injury of a family member
12. coma or paralysis of a family member
13. a legal battle with family

How does a family protect against these types of things? By planning.

How do I plan? 

1. Getting the appropriate insurance that will cover these types of things to ensure you have an income
2. Getting a diary or log of your medical history records
3. Getting a log of your accounts 
4. Keep an up to date file  of what both partners have in coverages, assets and liabilities in case the relationship falls apart- look after yourself!
5. Taking photos and hair samples of family members
6. Organize how to pay your bills if you are unable to do so
7. A log of your personal passwords and keep them strictly safe
8. Keeping a safety net account for raining days
9. Turn off switches for gas and water
10. Have an up-to-date will and power of attorney, living will

A Business to do list is still to come.

There is so much more to do and keep track of. But, planning is easy if it's all laid out in front of you.

Pick up or order your Backup Plan where you have an easy instruction workbook to help you through the process and have everything all in one place. That's really important. But, what's more important? To have everything safe and locked up. Order your APP to make it an even easier process.

For more information: contact Tina 

tina@yourbackupplan.ca

www.yourbackupplan.ca

FB: Your Backup Plan

Tweet: TinaOlexaBC

As a Business owner how can I protect my wife and kids

A BUSINESS OWNER: 

Q. “A colleague of mine passed away suddenly and I had the opportunity to see first-hand the financial and emotional hardship he and his family are dealing with on an on-going basis because he had no plan for the unexpected events. How can I protect my wife and kids in case something happens to me? ” 

It is understandable that as the provider and protector of your family, you want to ensure that they financially and emotionally secure.  Have a succession plan for your business and leave your personal life in order.  Here are the top 10 tips to protect you, your spouse and family in case of any tragedy--

1-      Short term disability and long term disability policies will ensure that you have sufficient income to provide assistance to you and your family for living expenses, prescriptions, tests or treatments.

2-      A medical care policy that will care for you or a loved one in case of extreme disability, dementia, or sickness is very different than a disability policy. It will provide you with the medical attention, housing or care-aids when required.

3-      A power of attorney with delegation to a family member or trusted advisor will allow temporary decision-making on your behalf a simpler process.   

4-      A current last will and testament, a living will and a medical directive are all important so that your wishes are clear to family, healthcare providers and legal counsel.  If you don’t have these, do it now.

5-      Keep a current contact list for your lawyers, accountants, bankers, consultants, agents, advisors, managers, friends and associations. 

6-      Keep a copy of your birth and marriage certificates on file and easily accessible.  They may be needed when dealing with government agencies and when applying for transfer of benefits to your spouse.

7-      Consider life insurance that doesn't change in frequency, payment or benefit during your lifetime. That way it will be with you and your family forever without having to pay more, or lose it.

8-      Consider creating trusts for your family members. This can be a reliable income stream for family members without it being taxed as income.  Check with your accountant or financial planner on the current regulations.

9-      Organize personal bills and make notations for others that are left behind since so many bills are now e-statements.

10-   Keep a register (list and copies) of all of the aforementioned documents and information PLUS the registered owners of your personal assets such as your accounts, investments, property, safety deposit box, and vehicles in one place that is easy to find by your family.  

Tina Olexa is a financial advisor, mother and a small business owner. In her role as financial advisor for over a decade with many individuals, she has witnessed many tragic events in her clients’ lives – from health-related to sudden, unexpected tragedies.  

Tina developed Your Backup Plan system to ensure that her clients are prepared and their families are protected when hardship occurs. 

Follow her on Twitter @TinaOlexaBC.

To read more about Your Backup Plan, visit www.yourbackupplan.ca

As a parent you don't want it to happen to you!

Todd Croft and his family had a terrible change in their life and would like to share it with others so that it doesn't have to happen to you!

http://globalnews.ca/news/711836/father-of-four-struggling-after-glitch-voids-late-wifes-life-insurance-policy/

Be prepared and have a backup plan. Todd says that, "he wants you to get your house in order."
www.yourbackupplan.ca
tina@yourbackupplan.ca

You are never too young to encounter the unexpected!

DAY 49 TIP OF THE DAY - 60 DAY CHALLENGE OFFER

You are never too young to encounter the unexpected! This poor girl now has left her child behind probably with no will and now the family is going to have to fight through our wonderful Government Trustee office to gain custody and settle the affairs. It's not going to be an easy road dealing with grief and emotions, police, etc. It could be easier to be planning and help with some of those decisions and legal matters + money!

Register Today!

Get more great tips and personal advice
when you become a YOUR BACKUP PLAN MEMBER
Check out more information at:
http://www.yourbackupplan.ca/news-blogs

Read the Province today, or the Mission City Record
http://www.missioncityrecord.com/news/199252371.html?c=y&curSection=/&curTitle=BC+News&bc09=true

Going on Vacation? Protect yourself before you leave

DAY 37 TIP OF THE DAY - 60 DAY CHALLENGE OFFER

Going on a Trip sometime soon?

Mar 9 -2013

Going on a TRIP sometime soon? There are ways to ensure that if you lose your wallet, passport or cell phone that you will know what to do and hey, let's make it easier on yourself if it does happen. Have you heard of someone losing their passport. Can you fly without your passport?

It's a great idea to take scans of your documents and put them on a draft copy on your google or hotmail account so that when you are away you have access to them if needed. Don't email them to yourself.


Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!

 Call us for more information- support@yourbackupplan.ca

http://www.yourbackupplan.ca

It might be too late, join today and get Your Backup Plan done!

Is the I-cloud safe to use?

DAY 36 TIP OF THE DAY - 60 DAY CHALLENGE OFFER

Is the I-Cloud safe for us to use on a regular basis?

Mar 8 -2013

Is the I-CLOUD safe to use? Well- we asked The Economic Crime Unit at the Surrey Board of Trade Business Fraud Awareness Meeting

They wouldn't use it for any information that you would need to retrieve or that could be vital documentation that is necessary.

The I-Cloud needs to be within Canada if it's used because it is very difficult for the Crime Unit to help you out with any loss, damage or misuse of your information if it's in another Country.

Backup on a server that is in Canada and a reputable company that has less chance of shutting down in which you would not have access to your information.

http://yourbackupplan.blogspot.ca/

Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!

Call us for more information- support@yourbackupplan.ca

http://www.yourbackupplan.ca

Don't wait to get your Backup plan done! It might be too late! Join today and get yours done!

Is your Garage Door open or closed?

DAY 33 TIP OF THE DAY - 60 DAY CHALLENGE OFFER

Protecting your Garage Door

Mar 5 -2013

There is an app for your PHONE now that may just open your GARAGE DOOR without you knowing it!

http://yourbackupplan.blogspot.ca/

Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!

Call us for more information- support@yourbackupplan.ca

http://www.yourbackupplan.ca

Get your Backup plan before it's too late!

Your Paycheck the most important part, isn't it?

DAY 27 TIP OF THE DAY - 60 DAY CHALLENGE OFFER

Protecting your paycheck is all about YOU! How do you do that?There are many different ways- Part 2 video for a laugh or two!

Feb 27-2013

The Paycheck Break Up!

Watch for Part 3

The other option is to have your paycheck covered with disability insurance with injury and sickness covered in that. Of course you can reduce the premium amounts by starting the disability after a longer waiting period and having a smaller savings account to cover you for the difference. So you can be covered with in effect 0 day waiting period and extending to 5 year disability plan or age 65. That's also an idea!

Call us for more information- support@yourbackupplan.ca

http://www.yourbackupplan.ca

Join today, and get your Backup plan started, don't wait until it's too late!

Protecting your Pay Check is easy

DAY 26 TIP OF THE DAY - 60 DAY CHALLENGE OFFER

Protecting your paycheck is all about YOU! 

How do you do that?

There are many different ways- Part 2 video for a laugh or two!

The Paycheck Break Up!

Watch for Part 2

Protecting your Paycheck with a savings plan that you put away for rainy days is definitely a longer process and cumbersome. It's what we call self-insuring yourself!

But, it can work with proper management but your constraints are putting enough money away and quickly enough. How much will we need and when do we need it? That's the big question. But, work with on a regular basis and you can make it happen. It's not for everyone but do-able! 

Call us for more information- support@yourbackupplan.ca

http://www.yourbackupplan.ca

Insure you Income when we can't pay the bills!

DAY 21 TIP OF THE DAY - 60 DAY CHALLENGE OFFER

Feb 21-2013

How do you INSURE YOUR INCOME? Simple it's our biggest asset we have is our ability to have income. When we don't have the ability any longer can we afford to pay the bills? So why aren't we insuring it?

You can get insurance incase of an injury to your body, or a sickness and get all of your premiums back! That's the best kind of insurance don't you think? A female age 30 could pay a premium for 15 years for $25,000 coverage would be just under $20/mth with a return of your premiums of $3,500!  That's not even a question!

Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!
Check with us at: support@yourbackupplan.ca for pricing for you.

http://www.yourbackupplan.ca/news-blogs

Do you dread the Cancer Word?

DAY 8 TIP OF THE DAY - 60 DAY CHALLENGE OFFER

THE CANCER WORD

Feb 8-2013

What happens if you were to hear the dreaded cancer word? What can we do in our lives to be better prepared for our loss of income, our family emotional stress, and our life changes? Check it out.

It has a huge impact not just financially on the family but the complete picture of jobs, career, happiness, physical abilities, and children come into play.

What can help the situation is to be putting some protection into place so that you can afford to some different things when you have to. Purchase expensive pills, or insulin. Purchase expensive treatments, move to a certain city where they have a treatment that will help you and so on.  The kids of protection that are available to us now, are fantastic! You can have protection with some coverage to ensure that you will have some money to look after loss of income, mortgage or bill payments, and take that stress out of the picture. You can pay into the coverage and then ask to have all your premiums back if you don't use it!  So, why not, does that cost anything? Some years packing away the premiums to ensure you have a sense of certainty. That's priceless!

Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!

What do I have in Employer Benefits?

DAY 6 ~TIP OF THE DAY - 60 DAY CHALLENGE OFFER

EMPLOYER BENEFITS

Feb 6-2013

OUR LIFE INSURANCE- are we using life insurance solely on our Group benefit package from work? Do we know what that looks like?

Employer benefits or Group Benefits are owned by the Employer. The Employer can change it, cancel it or alter it at anytime!

They usually have maximum on the plans for employees, and have restrictions based on your health for any more coverage. It's not flexible, even though they say they are. They are so expensive after retiring that it is definitely not transferable.

So, get your own coverage that is owned by yourself and is flexible.

Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!

Who's going to pay your bills when you can't?

60 DAY CHALLENGE DAY 5 ~TIP OF THE DAY - 

WHAT ARE YOUR BILLS?

Feb 5 - 2013

Our Bills to pay each and every month. How do we keep track of them now? Now, if we were taken out of the picture for a few months, ............... how would we set up our bills for someone else to look after? 

Would it be different than what you are doing now?

With our system you can alter the way you pay bills so that anyone can take over where you left off. There are passwords, whether you pay online or at the bank, or by phone. Get your system in place it's important that you can keep it private but know that it's there in case you needed it!

Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!

What about your Home insurance?

60 DAY CHALLENGE 

DAY 3~ TIP OF THE DAY - 

YOUR HOME INSURANCE!

Feb 3 - 2013

Do you know what you condo insurance looks like? Do you know what your house insurance looks like?
We always recommend that you review renewals every year because your furniture or property changes every year. Your property value, buildings and jewellery, tools, Artwork, etc need to be adjusted. Do you have any recent photos of anything included in your coverage or receipts? During the Kelowna fire there were hundreds of property owners trying to change their property insurance and they couldn't do or change anything on it even though it was only in the area.

Also Day 4 Tip we will review condo insurance.
Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!