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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. Proper financial planning will usually involve obtaining some type of insurance.

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 

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

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 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.