Insurance Planning - Total Wealth Planning

Risk Management and Insurance Planning

Insurance planning is about managing financial risks in your life and the impact of unforeseen health or life tragedies. Most people don’t understand insurance and may end up paying too much for it or not having enough coverage. Intelligent insurance planning evaluates your actual need for insurance and helps you find the most cost-effective options and strategies.

The 4 most common risks protections are:

We take a keen eye to risk management and incorporate insurance analysis into your overall financial plan. We then work with your existing insurance agent or help you find an insurance professional who is independent and working together with us as a team. Working together, we help you maintain your lifestyle, provide for your loved ones and secure your income and savings in the event of an unforeseen circumstance. We help you navigate the options for life insurance, disability and long-term care planning to help protect the well-being of your family and business interests.

How Much Coverage Is Enough?

To answer this question, you must first answer several related questions. How big a financial burden would your death leave for others? How much of your current income is devoted to current expenses and future needs? How long would your dependents need support if you were to die tomorrow? How much would it cost to pay all of your final expenses? When determining your life insurance need, consider your life stage and circumstances. Marital status, number of dependents, size and nature of financial obligations, value of your estate, career stage, and your intentions to pass on your property are all important factors to think about. In our experience, we find many people have the wrong type of insurance and an inadequate level of death benefit. We will help you incorporate insurance analysis within your overall financial plan so it is aligned with your objectives.