Do you know the history behind the tradition of New Year’s resolutions? New Year’s Day was established to honor Janus, the god of Roman mythology who, with his two faces, looked back on past events as well as forward into the future. The Romans made resolutions that had mostly a moral flavor. Today, all resolutions have good intentions, but sometimes they don’t last far into the future.
A big obstacle to achieving your resolutions can be procrastination. I’ve heard all the reasons in the book for why people don’t address their insurance and financial-planning goals:
I don’t have the money. (When was the last time you ate out?)
I don’t have the time. (How many reality TV shows do you watch per week?)
If I buy life insurance, I might die. (My absolute favorite, yet absurd, excuse.)
I have inheritance money earmarked. (Eventually…but what about now?)
My BlackBerry deleted my appointment with the insurance guy. (Use a paper calendar.)
I heard it’s too expensive if you’re not in perfect health. (You don’t know unless you get a quote.)
My wife can marry for money next time. (My second-favorite absurdity.)
And, of course, the classic excuse:
My dog ate my financial plan.
My personal mantra (adopted from Nike) is “Just do it.”
Now that I’ve guilted you into discarding your excuses, consider what you need to do to get your insurance portfolio ready for the New Year.
Some questions you don’t have to wait until New Year’s to ask. Big life changes usually mean it’s time to review your insurance portfolio. Are you:
Having a baby?
Buying a home?
Starting a business?
Merging with another business?
Worried about or taking care of parents?
Dealing with the death of a loved one?
What are you waiting for? Make the call.
Linda Rey is a licensed insurance agent at Rey Insurance with a broad spectrum of expertise in life, accident, health, property and casualty insurance as well as retirement planning and college funding strategies.
Evaluating Your Insurance Needs on a Tight Budget
Laddering Insurance Policies
Emergency Essentials: Preparing Your Paperwork and Personal Information for an Emergency
Road Warrior Tips: How to Handle an Accident When Traveling on Business
Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.