Louisiana Term Life Insurance after Hurricane Katrina

Hurricane Katrina was among the most destructive hurricanes of 2005. More than 1,800 people died in it and the subsequent floods. The most significant number of deaths occurred in New Orleans, Louisiana.

Survivors of the hurricane know how tough it is to pick up the pieces of their lives after a catastrophe. They know how emotionally draining it can be. If you have Louisiana term life coverage, it can make the process a bit easier. However, even with a policy it is important to ensure that your loved ones don’t have too much difficulty in getting the insurance benefits after your death.

Some important tips:

  • Buy an adequate amount of insurance: We don’t realize when we buy a plan that our lifestyle and standard of living keep growing with time. It is therefore imperative to buy a term life insurance plan that still provides sound financial cover many years later.
  • Remember burial expenses: When buying a policy, always remember that whatever amount you leave for your family, a large chunk of it will go in burial expenses. Your family will have to try and make the remainder work for them.
  • Check the title: Check the title carefully and double check the name of the beneficiary and subsequent information like date of birth and social security numbers. If any errors creep in, it will be tough for your family to get the benefits, especially during hurricane chaos.

These are the precautions you need to take when buying a life insurance policy. Now, here are the things you need to keep in mind after you have bought the plan:

  • Keep your policy safe: It’s a must when a hurricane strikes to be able to easily locate important documents. So place your life insurance policy in a safe locker or fire-proof safe. This will ensure that your policy is intact even if your home is destroyed in a hurricane, flood or fire.
  • Inform your family: Make sure you tell your family members where to find it. Keep it where it is easily accessible to them.
  • If you have made a will, attach a copy of your insurance to it.
  • Share the name, phone number and other vital details of your insurance company or agent with your family. It will help them a lot in an emergency if they cannot locate it.

Unfortunately, in spite of being aware of life’s uncertainties, many people do not buy a Louisiana term life insurance plan to financially protect their loved ones. This is more prevalent in low-income regions. Hurricane Katrina’s victims also realized their mistake but by then it was too late.