The LifeBank™ Story
Jeff Loewenstein, a member of the Victorian Bar in Melbourne, Australia for over 40 years, saw that solicitors were failing their clients when they prepared a will for the client. They sent the client off with a will but had done nothing to assist the Executor of that client’s will when the time came to find out what was in the Estate, track down assets and any liabilities and sort out any family disputes Very often the executor / executrix did not even know whether the deceased had a valid will…..let alone where one one might be found.
Family members were faced with considerable stress and cost – plus a commitment of time and effort – as they worked their way through and with lawyers, accountants, banks, wealth managers and financial planners – who all seemed to be “working” in silos – trying to found out what was actually in the Estate. And then there were members of the family to be tackled to find out what they knew! A headache in itself!
LifeBank™ was born! – the means, in one secure go-to place, to record all one’s personal details. Readily accessible in the case of an emergency, whilst travelling and on a day-to-day basis to have one’s information immediately to hand. And in the case of the LifeBank-user dying, no more hunting around for things and paying out fees to various professional people to help “sort out” the deceased’s Estate.
LifeBank™ is now being used by lawyers, accountants, wealth managers and financial planners to assist their clients. Travel agents will also soon be offering LifeBank alongside the travel insurance they are offering and advising their clients to take out.
As a result of Jeff’s wife contracting cancer and him “travelling” alongside her whilst she had treatment, and everything associated with that, it became apparent that there were gaps in assisting the cancer patient navigate their journey and “the system”. Not only were all systems geared from the hospital or clinician’s perspective, but the patient needed a facility to negotiate and navigate their treatment and gain a degree of control over what they were going through. A win-win for doctor and patient was achieved if, for example, a patient could provide a detailed report to the hospital or clinician about the way the patient had “handled” their treatment (say chemo).
Armed with LifeBank™ a patient can now effectively inter-act with their hospital and clinician and be materially assisted in their cancer journey, treatment and management. In some places LifeBank is also now being deployed in assisting an inter-action with and management of senior citizens, children, those medically challenged and people suffering from dementia and Alzheimers.