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A little planning goes a long way.

MY HEART GOES OUT TO THE CHAMBERS FAMILY OVER THE loss of their daughter ('After the Storm," November 2007). It's a terrible thing families have to go through, but the expenses incurred are unavoidable.

I am constantly surprised at the number of people who either don't have life insurance or the proper amount. I'm glad Tonia took it upon herself to get more coverage, but kudos to Kathy Williams for telling the family they needed more--not just life insurance but retirement assets as well. Many of us are educated in our field of expertise, but we fail to get the education needed to keep the money we earn.

Also, I would make sure the children had a small term policy because of these unforeseen occurrences, just to cover funeral expenses and loss of wages for the parents for grieving time. I would suggest $10,000 minimum but no more than $25,000--children usually are not bringing in income so it does not need to be protected like a parent's or spouse's income would.

Please, people, take the time to put together a financial plan for you and your families, including the proper life insurance. We know you spend time planning your vacations--don't you think your financial future is just as important?

Christina Jackson James

cjacksonjames.BJKXl@Primerica.com
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Title Annotation:Letters
Author:James, Christina Jackson
Publication:Black Enterprise
Article Type:Letter to the editor
Date:Feb 1, 2008
Words:218
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