Protecting What Matters

If there is one thing certain about life – it is the uncertainty that it brings. The best laid plans can sometimes come to naught. Even though you may think you have covered all the bases, life sometimes has a funny way of throwing you a curveball when you least expect it. Luckily, while you can strive your best to plan wisely and thoroughly, you can also hedge your bets against the unintended through prudent insurance planning.

Why Insurance Planning Is Important

Without proper planning, be it investment planning, retirement planning, or estate planning, you will likely not invest successfully, retire comfortably, or leave a meaningful legacy for your beneficiaries. Without a well-thought-out insurance plan, every one of those facets of a financial plan could be exposed to unforeseen risks. 

Good planning helps you identify and plan for all the risks involved in every aspect of your financial life. Thoughtful insurance planning helps mitigate the risks you cannot foresee or those that you are unable to plan around.

What We Can Do For You

They say that some things are better to have before the need is felt – even if they are never used. Insurance is one of those things. Rather than seeing insurance as an “expense,” most people experience it as peace of mind. That is the essence of our insurance planning service.

Our insurance planning service covers:

  • Comprehensive Review: We will review existing plans, if you have them, to ensure they continue to fit your needs. However, if you do not have an insurance plan, we are here to advise and guide you on which plans make the most sense for you and your family.

  • Home, car and other asset insurance: It is our belief that you should not over-insure, but you should never un-insure or under-insure either. The type (and value) of your home, car and other assets will determine what insurance and how much, you should have.

  • Death-event security: If you have people that depend upon you being around for many years to come, like your spouse/partner, minor children, aged parents, we will advise on what life insurance policies meet your needs.

  • Retirement income through annuities: Sometimes, the best way to guarantee retirement income is the simplest – annuities. Of course, these products vary in terms and pay-out options and conditions. Our experts will help make sense of it all and make sure the annuity works best for you and your circumstances.

  • Critical illness protection: You may be in the best of health now, but illness has a way of sneaking up on the fittest among us. Let us help you determine if you need to insure against a critical illness and, if so, under what terms.

  • Disability and long-term care protection: Accidents, at home, at work, during your commute, can leave you severely disabled and financially stressed. As can a debilitating illness. We will help you insure against such unexpected turn of events.   

  • Travel insurance: Sometimes, even the safest of travel plans can turn into nightmares. Whether it is an illness or accident overseas, a missed flight, lost baggage or natural disaster that interrupts your plans, if you are insured, you will likely be less stressed about dealing with the consequences.

  • Health, dental and wellness insurance: With family and personal medical care becoming more expensive by the day, it may be prudent to cover yourself and your family through appropriate health insurance plans. 

  • Funding children’s education: Even though your children are of tender age, sometimes insuring their lives may make good sense in the long-term, especially in helping to pay for college or university. Paying just a few hundred dollars a month in premiums now, could result in a windfall payment by the time your child is of college or university-going age. We will help you decide if this is a good option for you by doing the math.

  • Insuring estate and succession plans: When structured correctly, insurance can be a great estate planning tool as well, especially when it comes to shielding your beneficiaries from paying taxes or fees on their inheritance.  Partners in business may also use insurance policies as a great financial tool to aid in succession planning. We will help you structure an insurance plan that makes sense for your needs. 

For more information about protecting what matters, please contact us today.

*The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a strategy involving life insurance, it would be prudent to make sure that you are insurable by having the policy approved. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. In addition, if a policy is surrendered prematurely, there may be surrender charges and income tax implications. Home, Auto, Asset, Travel, Dental, Health and Wellness insurance are not offered through LPL Financial or Vivant Financial Services.