How to organise personal documents

From your life cover to death plan, keep your affairs in order

Posted  October 9, 2012

As you tackle your annual spring-cleaning, spare a thought for your all your personal documents. Should anything ever happen to you, would your family be able to find all the information and documents they need quickly and easily, from your life insurance policy to your will? Here are some tips for keeping your affairs in order.

  1. Keep all your insurance policy documents in one place, from your life insurance policy to funeral insurance, short-term insurance, disability insurance and dread disease cover.
  2. Draw up a separate list of all your insurance policies that includes for each policy: a policy number, the name of the insurer/broker and their contact details. Keep this list with your policy documents.
  3. Ensure that your partner or spouse understands the claims procedures for your funeral, life, and disability insurance as well as dread disease cover.
  4. Along with your insurance policies, keep any documentation relevant to any investments you might have. Again, keep a separate list that details each investment, including the name and contact details of the relevant financial advisor, institution or broker.
  5. Store the following documents with your policies: your funeral plan, will, living will, power of attorney and medical power of attorney.
  6. Ensure that your partner or spouse and the executor of your estate knows where all these documents are kept.

Never forget one of the golden rules of life insurance: regular policy reviews! While Spring is a good time to revisit your beneficiary list and cover amount, you should review your policy every time your life changes in a way that affects the amount of cover you need or your nominated beneficiaries, for example if you have another child or take on more debt. Happy Spring Cleaning!

Popular reads

Life insurance infographics thumbnail

Has December left you in debt? Here’s how to get rid of it – as quickly as possible!

home cooking changes lives

If you do only one thing for your health this year, make it home cooking. Taking control of your diet is the best gift you can give yourself.

in store finances

After a difficult 2015, we’re all hoping that 2016 will prove to be a better year financially. Unfortunately, many factors continue to work against our wallets – but there is some small hope of relief for the coming year.
Featured authors