Incorporating Life Insurance into Your Financial Plan: Key Considerations & Benefits Life insurance is more than a safety net for your loved ones—it’s a powerful, flexible financial tool that can provide peace of mind and lasting security. While building wealth is a common focus, protecting your family’s financial future is equally vital. Life insurance does…
The Complete Guide to Special Needs Trusts Special Needs Trusts not only protect essential government benefits but also enhance the quality of life and long-term security for individuals with special needs. They offer families peace of mind, knowing that their loved ones will be well cared for both now and in the future. Whether you’re…
Planning for Long-Term Care: Key Considerations and Strategies As we age, the likelihood of needing dedicated medical care or assistance with daily living activities increases. In fact, the U.S. Department of Health and Human Services estimates that 70% of people turning age 65 will need some form of long-term care in their lifetimes. Unfortunately, traditional…
Life insurance options are an essential consideration when creating any comprehensive financial plan. Nevertheless, it can be easy to get confused while weighing various policies and options. Different policies cater to different needs and financial goals, and choosing the right policy is necessary in ensuring your loved ones receive the protection they need after you are gone.
As an experienced financial planner, one of the most common questions I get asked is, “Do I need to purchase umbrella insurance?” The short answer, most likely, is yes. Adequate umbrella insurance can save you millions, especially if you are a high-earner, have sizable assets, or are in a career where you could be liable for the accidents and injuries of others.
Life insurance is an important component in a diversified financial portfolio. While it may be a difficult conversation to have with your loved ones, it’s an important and necessary one. We may not like discussing our own death but ensuring our families are taken care of and supported is paramount, especially for families with children. The first step is to understand which type of life insurance policy fits best with your situation. In this post, we explore the various types of life insurance policies including term and permanent options including whole, universal, and variable options.