You might not like to pay for insurance, you don't want to use it, but you might be glad it's there when you do need it!
Various forms of insurance provide an essential ingredient in a well-crafted financial plan. As we review your insurance program, protection from the potential exposure to significant financial loss is our primary concern.
Life Insurance provides additional resources to support your family in the event of an untimely death. Various forms of permanent insurance can also be used to supplement your accumulation goals, to provide liquidity for your estate and to provide funds for retirement or to fund a child's education.
Health Insurance provides protection against the devastating financial impact of a serious injury or illness. Making sense of co-pays, deductibles, out-of-pocket maximums and other policy features can be a challenge. And when you're eligible for Medicare and reviewing Medicare Supplement insurance, there is a new set of choices that confront you.
Disability Income Insurance can supplement family income if you are unable to work. Disability Overhead Insurance can cover certain business expenses to keep your business
Long Term Care Insurance can help preserve your wealth if you require extended custodial care, whether in your home or in a skilled nursing facility.
Annuities, while often sold as an investment products, in their simplest form can offer protection against outliving your money - think of them as your own private pension plan.
Whatever type of insurance product you're considering, a thorough insurance review should also consider the extent to which you might "self-insure". In other words, it may be more cost-effective to transfer only a portion of the risk to an insurance company. Higher deductibles and/or lesser coverage (and consequently lower premiums) might make sense depending on your overall financial situation and your ability to absorb a loss.