Insurance & Risk Management

What is retirement planning?

What is Insurance Planning?

Insurance and risk management is an important piece of the financial planning process. Insurance transfers the financial risk of life's events to an insurance company. A sound insurance strategy can help protect your family from the financial consequences of those events. Strategies can include life, disability, health, long-term care, medicare and medicare supplement, and liability insurance. 

Life Insurance

Life insurance provides money to the people who depend on your paycheck when you pass away. At that time, the life insurance company would pay a set amount of money (the "benefit amount") to your beneficiaries. You can name any person you'd like as a beneficiary — and you can even name more than one.


Disability Insurance

No one foresees needing disability benefits. But, should a problem arise and you are unable to work, disability insurance provides partial income to help cover expenses when needed. Disability happens to more people, more often than you may think.


Long Term Care Insurance

Long-term care insurance policies reimburse policyholders a daily amount (up to a pre-selected limit) for services to assist them with activities of daily living such as bathing, dressing, or eating. You can select a range of care options and benefits that allow you to get the services you need, where you need them.


Medicare Supplement Insurance

Medicare Supplement Insurance helps fill "gaps" in Original Medicare and is sold by private companies. Original Medicare pays for much, but not all, of the cost for covered health care services and supplies. A Medicare Supplement Insurance (Medigap) policy can help pay some of the remaining health care costs, like copayments and coinsurance.

Be Prepared for The Unexpected

It is important to account for various risks that could interfere with your goals and to be prepared for any potential obstacles that may cross your path. While your financial plan should be designed to sustain you through market volatility, there are a wide range of frequently overlooked risks that need to be taken into account as well.

When unexpected life events occur, they often cause a ripple effect, leading to a host of financial consequences down the road. To prepare for these challenges, it's important to take them into consideration when designing your financial plan. This kind of proactive thinking is essential to insurance planning. Please reach out to discuss your insurance planning strategies.  

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