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Insurance Planning

Risk Management in Your Financial Planning

Insurance planning is a critical component of a comprehensive financial plan that includes evaluating risks and determining whether to insure, and if so, the proper insurance coverage to mitigate those risks. The goal of insurance planning is to identify and analyze risk factors in your life and seek proper coverage to attain confidence if an unplanned circumstance occurs. The chances of recovering partly or fully can be assured by having insurance, as it can be an effective economic tool for transferring risk from an individual to a company.

Carrying insurance can be crucial dependent upon your circumstances, but the most important aspect is carrying the appropriate type of insurance. Everyone has different insurance needs tied to their unique situation, age, health, family structure, economic status, possessions, assets, and many other factors. There are many forms of insurance and there is no "one size fits all". (This is why we need insurance planning!) Also, any major change in life requires an immediate review of insurance planning to make sure the protection remains adequate.

Our careful, comprehensive financial planning process evaluates risk in your particular circumstances, and provides easy to digest data so that we can discuss together options of self insurance, or transfer of risk, and each of their potential costs, benefits, and risks.  In the end, the decision is always yours whether to insure or self insure, but through our process it is an informed decision.

Risk Management - <br/>so You Can Have Confidence

Risk Management -
so You Can Have Confidence

Our Insurance Planning due diligence process, coupled with or without a comprehensive financial plan, seeks to mitigate some of these major risks and give you added confidence in your plan:

  • Disability During Working Years
  • Major Health Expenses
  • Premature Death
  • Long Term Care
  • Medicare Gap Insurance
  • Survivorship Assets & Income

Let us help you evaluate and protect against uneccessary risks.

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