Protect What Matters Most To You
As you accumulate wealth throughout your lifetime—from savings accounts to things like a house—you need to have a plan in place to protect it. You also likely want to ensure the people most important to you are taken care of. Keep reading to learn how to potentially avoid long, stressful delays or legal fees and ensure the right person benefits from what you built.
How to Protect What Matters Most
Learn more about how to protect what you've built.
Where To Start
There are some topics that are hard to think about. Questions like “what happens to my assets when I pass away?” or “who will advocate for my wishes?” can feel uncomfortable. But planning for these events can help you feel confident that the most important things – and people – are protected.
Beneficiaries
Start with designating who will receive the money from your accounts, including any retirement accounts, HSAs, life insurance, etc. That way, it’s easy for that money to transfer to the person you pick. (Remember, you’ll need to designate a beneficiary for each individual account).
Check Your Delta 401(k) Beneficiaries on NetBenefits
Life Insurance
Your salary is probably a major, if not the only, source of income for you and your family. What would your family do if that salary just disappeared? Life Insurance can help provide income to your family if something were to happen to you.
Delta provides basic life insurance for full and part-time employees and an opportunity to purchase optional additional life insurance coverage. When you consider coverage, really consider your situation. While Delta’s life insurance might be right for you, you should still research optional coverage to ensure you get the most appropriate coverage for your loved ones.
A Last Will
A Last Will is a statement of your wishes and how your assets, such as real estate, vehicles, pets, and even electronics like a computer, should be divided up. Don’t let the courts decide these things. Delta employees are eligible for free will preparation services through MetLife or can access more complicated estate planning through Trust & Will. Learn more about your options in this article.
Power of Attorney or Living Wills
Create a living will and designate a power of attorney to make it clear what healthcare decisions you want made and who should be making those decisions if you were to become incapacitated.
Questions?
- For questions about Delta Perks and how to access your benefits, please submit a request via Ask HR.
- Protect yourself with healthcare in retirement.
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