75% of people who fly through a windshield die. The chances of being in an accident like that are small. But the consequences are so great, we all take the precaution of wearing a seat belt.
Smart financial planning is (again) like safe driving. A minor inconvenience (like wearing your seat belt) can save you and your family's lives.
Life insurance - you'll probably never need it because you wear your seat belt (how's that for a tie-in?!). But if you ever do "need" it, your family will be very glad mom and dad were smart enough to deal with the minor inconvenience of getting insured.
Umbrella liability insurance - the chances of a CEO suing you for everything you've got - plus future earnings - after slipping on your sidewalk is small. But if it does happen, you'll be glad you paid the minor inconvenience of $500 in annual premiums for an umbrella policy.
Estate Plan - The chances of you and your spouse going down somewhere over the Pacific are minuscule. But if you left Junior at home with Aunt Jane, they'll be glad you dealt with the minor inconvenience of drafting your estate plan.
You buckle up every time you get into your car. Make sure you also buckle up financially.
Disclaimer: This article is for educational purposes only and should not be considered financial, tax or legal advice. These statements have been simplified for illustration purposes. Consult your financial planner or tax advisor for help with your specific situation.