We recently discussed how COVID -19 has shifted focus toward legacy planning ventures for many individuals. From business owners to families, people have started taking estate planning much more seriously. We made a checklist for individuals [h1] that included the number of actionable tips to enact as soon as possible, and we are going to do the same here for insurance agents.
When it comes to handling customers as an insurance agent, there are four major objections that you’ll have to handle throughout your career:
You are the sole breadwinner of your family and running your household with your regular income. You are working hard to keep your family happy and satisfied. Have you ever considered what would happen to your happy family in case of your unexpected death or your life-long disability? Have you thought about legacy planning at all?
Have you started your estate planning? Whether or not you’ve already started, you’ve probably wondered about your document safety. When starting the estate planning process, most people wonder whether or not their documents will stay safely away from those who shouldn’t have that information. How can you be sure? With Legacy Armour, it’s easy. In fact, you can have total peace of mind over your estate planning documents for the rest of your life.
Technology is evolving every day. Today’s latest technology would thus become obsolete some days later. It better explains the evolution of human civilization right from the ice age to its current avatar. There has been a paradigm shift in the ways and means of doing things. For instance, earlier people used to store documents in prints. But, with the growing demand for economic utilization of space, environment friendliness, and making services user-friendly, companies engaged in the business of finance and others (where usually a large volume of transactions takes place day in and day out) have gone for digitization.
Even a minute data security failure could eventually lead to huge organizational damage. In fact, statistics show that many companies that suffer a data breach go out of business because of the loss of consumer trust. Adding to that, the Federal Trade Commission has established that a failure to implement adequate security is an unfair trade practice that can result in fines and criminal charges. So it is highly essential to protect your Corporate legacy by using state of the art encryption practices.
Digital assets may mean all those tangible and intangible assets the value of which may not necessarily be accounted for money. Having said that, we mean, digital assets fairly include stuff that does not carry any tangible value other than the sentiments and awareness. For instance, the portfolio of your digital assets may include the family medical history, details about the trusts and estate planning, family photographs and audio/video clips, legal documents, and financial documents to name a few. Therefore, the scope of work here is huge.