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Risk Management and Insurance

Your estate consists of property, money, an interest in a business, investments, and all other assets that you have managed to acquire. Preserving your estate means protecting yourself and your heirs from losing all that you have worked for. Insurance makes it unnecessary to set aside large amounts of money to pay for the financial consequences of the various risks in life.  This will allow your money to be used more efficiently and preserve the assets you have accumulated for you and your heirs. Proper financial planning will usually involve obtaining some type of insurance and making sure your liability coverage is sufficient to meet your needs.

While it may seem daunting to complete the various parts of a financial plan, insurance may occupy a separate category in terms of procrastination. It’s natural to delay dealing with the possibility of getting sick, getting hurt, losing a home, needing extended medical care, or dying. These are not fun topics to confront, but they are extremely important. 

Life Insurance, Long-term Care and Disability Insurance

Life Insurance, Long-term Care and Disability Insurance

It's not a matter of if you will have one of these events, it is a matter of when. When it does happen will your family be prepared to handle the financial implications.

Life insurance can be a key part of your estate plan. Life insurance 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. 

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

Long-term care insurance is designed to help cover the cost of people unable to care for themselves. A long-term care insurance policy can cover things like dressing, bathing and feeding as well as nursing care. This type of coverage can be used to pay for healthcare-related expenses incurred at:

- A nursing home 
- Your own home
- Assisted living facilities
- Adult daycare centers

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 financial strength in the event your income is impacted by disability or long-term care need.
  • 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 buyout of a partner if they remain disabled or pass away.