I got into a car accident recently, but fortunately, no one was injured. After an accident, you can’t help but think about the “What Ifs”. After things settled down a few days later, a random thought came to mind, “What happens to the miles and points if something happened?”
Obviously, I am neither the first nor the last to wonder about it.
Gary from View from the Wing has this topic covered, including the policies of a few major programs.
Why I Don’t Have a Plan
The truth is: I don’t have a plan.
It may come as a surprise, but I actually don’t sit on tons of miles and points. My balances are rather pitiful, in part because I often try to use miles and points to cut down on out-of-pocket expenses. I usually travel with my family, so I also end up burning miles and points much faster than I can earn them. Then again, I don’t believe in hoarding miles and points. They devalue over time, so my mentality is to use them or lose them.
I don’t worry about majority of the programs, simply because I don’t have enough to redeem for anything worthwhile. For those where I am active member, I probably should do something about them.
Do You Have a Plan?
There are things you can do, obviously.
I suppose you can add your loyalty programs to your will. That is, assuming you even have one.
Another option might be to share account credentials with a trusted few, though that could run into a host of potential issues.
An easier, quicker, and better solution? Just use them and travel with loved ones while you can.
Not everyone gets the value of miles or points or think they are worth the time or efforts. Even if you gift or will your points to your beneficiaries, they might not even know what to do with them.
Granted, at that point, that’s not something you need to worry about.
Still, maybe I should come up with a plan and document it, even if it’s a primitive one at that.
Is this something you have thought about? Do you have a plan for your miles and points? Would your family members know what to do with them?