A Living Will Can Ensure Your Wishes Are Followed

Life Settlement Savings

As we age, we are forced to think about things that most people choose to ignore. The truth is that everyone should have a living will or advance directive in place, but this is even more important for seniors. A living will is more than a do-not-resuscitate order, it is a legal document that allows us the right to make our own decisions regarding end of life care. When you choose to create one of these documents, you can outline how you want your medical care to be handled in the event of a coma or of a severe medical crisis. This includes directives regarding life support as well as life saving surgeries.

A living will gives a third party power of attorney regarding your medical decisions, allowing them to act on your behalf. It is important to speak with your loved ones about this decision before medical problems arise and to make those around you aware of your wishes. A living will can put those wishes into writing and your doctor and hospital will retain a copy of the will on file, ensuring that your wishes are carried out. Whether you are seeking to ensure that all efforts are performed to save you or whether you wish for there to be no extreme measures taken, this document is important.

End of life care and emergency care can be hard to think about and discuss, but it is a necessity. Taking the time to set forth an advance directive can not only ensure that your wishes are met, but it can take a burden off of your loved ones at a very emotional time. Your end of life care affects everyone around you, and ensuring that your family is not forced to make these tough decisions is something that everyone must consider.

Reply

What do you think?

Recommended Life Settlement Articles

Major Publications on “Life Settlements”

When my partners and I first created the Life Settlement Network, and were becoming increasingly involved in the Life Settlement industry, our friends and family had never heard of life settlements.  For the most part, they learned about this new financial tool from us.  Initially – most had responses something along the lines of “Sounds [...]

What is my policy worth?

Usually the first question seniors ask after hearing that their life insurance policy may be worth much more than the cash surrender value is “How much is my policy worth?” The calculation is simple enough:  Determine the insured’s life expectancy and multiply that by the annual premiums to estimate the expected cost of maintaining the [...]

If my policy is worth so much – why should I sell in a life settlement?

A question that comes up frequently in presentations and in discussions with policyholders and beneficiaries: If an investor is willing to buy my policy for $X amount and expect to make a profit – why shouldn’t the family just keep the policy?