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Risk Management and Insurance

Insurance makes it unnecessary to set aside large amounts of money to pay for the financial consequences of the various risks in life such as disability, long-term care or death. This will allow your money to be used more efficiently and preserve the assets you have accumulated.

Life Insurance 

Life insurance can be a key part of your estate plan. If you have or expect to have a taxable estate, life insurance, if available, is often the single best way to preserve assets, pay estate taxes and leave a legacy. Life insurance can offer surviving family members increased financial independence. As a tax-free lump sum payment, it can pay for final expenses, debts and estate taxes; provide income for the deceased’s dependents and leave a legacy.

Long-term Care and Disability Insurance

Long-term Care and Disability Insurance protect your most valuable asset: your ability to earn.  This safety net helps preserve the assets you have spent your lifetime accumulating.

How we can help:

  • By reviewing your financial plan, we’ll be able to determine the financial consequences of “what if scenarios” in life such as becoming disabled or having a long-term care health event.
  • We can help you and your family maintain your lifestyle, financial independence, and strength financially in the event your income is impacted by disability or long-term care.
  • Instead of reducing/draining your assets, Long-term Care and Disability Insurance help you preserve them by paying your expenses for your business, providing a living expense benefit should you become disabled, and assisting with the buy-out of a partner if they remain disabled or pass away.

Critical Care Insurance

Critical Care Insurance, sometimes called Catastrophic Illness insurance is a type of coverage which protects the insured for a specific and severe health problem over the defined period. It differs from other forms of health insurance in that there is limited coverage to the specifically named risk. An individual can buy the coverage as a stand-alone policy or sometimes as a rider to life insurance.

How we can help:

  • This particular financial product can provide additional coverage for medical emergencies like heart attack, stroke, or cancer.
  • Because these emergencies or illnesses often incur greater than average medical costs, these policies pay out cash to help cover those overruns where traditional health insurance may fall short. Instead of paying cash out of pocket, you can preserves your cash and keep money for your family
  • By helping pay for the additional expenses often associated with a critical illness or condition, insurance offers you, your family, and if applicable, your business, added financial independence—so you can focus on recovery.