While there's no such thing as a bad time for Bankers Life clients to start making plans for their estate, a considerable number of people are failing to do so.
According to a recent industry trends survey conducted by an estate planning software company, 70 percent of attorneys polled said Americans fail to plan because they aren't aware of why they should even have one in place.
Perhaps as a result of individuals' lack of knowledge about estate planning, legislators and the National Association of Estate Planners and Councils designated the third week of October as National Estate Planning Awareness Week.
According to the resolution, which was signed in 2008, 120 million Americans don't have up-to-date estate plans that protect themselves and their loved ones in the event of a serious illness or accident. In 2004, a poll conducted by the American Institute for Certified Public Accountants determined that nearly 66 percent of Americans over the age of 65 said they lacked knowledge about basic retirement tools and what they're for.
Clients of Bankers Life and Casualty Company who would like to learn more about estate planning may want to take advantage of the opportunity, as many organizations devote a significant amount of resources to teaching consumers about how to prepare their estates for their loved ones.
For instance, institutions that deal with chronic illnesses conduct webinars throughout the week, such as the National Multiple Sclerosis Society, the COPD Foundation and Alzheimer's Association. The American Institute of Certified Public Accountants and the American Bar Association also created presentations for their respective websites.
Though assistance with estate planning may be best the third week of October, financial experts at Bankers Life and Casualty Company can help its clients with their financial goals 365 days a year.
