Why Life Insurance Alone Isn’t Enough: Wills, Trusts, and Family Protection
Our life insurance series wraps up this week!
Over the past few weeks, we’ve talked about:
- Why you need life insurance
- The different types of life insurance (term, whole, universal)
- Employer-provided coverage and why it’s not enough
Today, we’re diving into why life insurance is just the beginning—and how wills and trusts complete your family protection plan.
🏡 What Happens to Life Insurance When You Pass?
Life insurance pays your chosen beneficiary when you pass away. But did you know:
➡️ Minors can’t receive funds directly.
If your children are your beneficiaries, the money is held until they turn 18—unless you make other arrangements.
➡️ Your will matters.
A will can’t override the beneficiary designation on your policy, but it can give guidance on how you want the funds used—like final expenses, mortgage payoff, or education.
📜 Why You Still Need a Will
A will is critical, even if you have life insurance. It helps:
- Express your final wishes
- Appoint guardians for your children
- Prevent family arguments during an already stressful time
I’ve seen firsthand how lack of planning causes division, delays, and hardship—even among families with the best intentions.
Why a Trust May Make Sense
Don’t let the word “trust” intimidate you—you don’t need to be wealthy to benefit from one.
A trust:
- Can receive your life insurance payout
- Allows you to control how and when the money is used
- Can ensure minor children are financially supported
- Can distribute money in stages or for specific needs (education, housing, etc.)
If you’re worried your beneficiaries might mismanage a large lump sum, a trust offers built-in safeguards.
Power of Attorney and Advance Directives
- Medical power of attorney: Who makes decisions if you’re incapacitated?
- Do-not-resuscitate (DNR) orders: What are your wishes?
When your documents are in place, your family doesn’t have to guess. You’ve already spoken—on paper.
What to Do Next
I can help you:
- Choose a life insurance policy that fits your goals and budget
- Connect you with an affordable, easy-to-use online platform to set up your will and trust for under $500
- Create a plan that gives you—and your family—peace of mind
Texas families especially need to understand probate laws and how assets pass in blended families. Without a will, your spouse may not receive everything you assume they will.
Let’s Protect Your Family
If you’re ready to put your plan in place—or even just explore your options—schedule time on my calendar.
✅ Life Insurance
✅ Will + Trust
✅ Confidence in your legacy
Until next week—peace out.
