Life Insurance is one of the most important things a trucker can have. We work a dangerous job and many bad things can happen. Most drivers do there job to make money for there family but have you started think about what will happen if some thing happens to you. Truckers, we all need to make sure if some thing happens, your family is taken care of. So lets start with the basics that you need to know.
How much is based on your life cost, like your mortgage. How munch would it take to pay off or pay the payments until your family can replace your income. It would be great if you can get enough to pay off your home.You need to make a plan, you may have to let the house foreclose or try to sale it. Any plan you make should include the worst possible thing that can happen.
Remember the payment happens once and only once, if you don’t think and plan for the worst your family may just end up suffering. I don’t care about credit cards because your home is the most important thing and next food,gas and lights, nothing else matter’s. Don’t get me wrong, I think you should pay your bills if you have the money but not if your family end’s up on the street.
In your plan it should include how long will it take before you can get the money. You need some saving if it takes time to get the money or you may have to make a deal with the funeral home and don’t forget about the fact you may not be in your state, let alone the U.S.A, that means you have to include travel and lawyer possibly, so start thinking about it now.
There could be out of state medical bills or a lawyer needed if its a accident. They come after your family if your husband or wife is at fault. Also you may want to sue because some other party was at fault. You don’t need to start paying for pre-law but you may want to find a lawyer who can help you just in case. I would talk to one for advice on your plan. This is about being truthful and dealing with the reality of life and taking care of your family. You should talk to a estate planner and try to prepare for any thing that can happen, you only get one time to get it right.