Insurance:
A way to preserve your family’s objectives,
goals and dreams

Comprehensive financial planning for the future doesn’t end with retirement planning. Although many find life and disability insurance to be distasteful topics, ignoring these important aspects of your plan can endanger all you’ve worked so hard to accumulate and preserve for your family or favored charities. That’s why, when our experienced team talks about life insurance, they do it in terms of a client’s goals.

Risk management

At its core, insurance is an investment designed to ensure the realization of your long-term financial goals. Effective insurance planning should be driven by the broader financial planning process with the focus on managing risk. Premature death or the unexpected disability of a breadwinner could easily derail even the best laid financial plans. Our goal in establishing every insurance plan is to mitigate these risks, ensuring that:

 

• Your family’s lifestyle will not be compromised
• Your family can keep their home
• Plans for children’s education stay on track
• Any family business won’t need to be sold at a disadvantage
• Charitable causes that are important to you will continue to receive your support

By coordinating with your attorneys and tax advisors, we can incorporate insurance into your retirement, estate and wealth transfer plans to help maximize the benefits during your lifetime and provide for those you care about after you’re gone.

Longevity planning

Another very real risk for investors – especially in today’s environment of longer life spans, questionable Social Security solvency and advancing medical technology – is that you may outlive your retirement savings. Properly structured, annuities can help provide a source of income over time and provide a much needed supplement to your own retirement savings. And, if you require continuing medical care or assisted living services, long-term care insurance can help offset these potentially considerable drains on your retirement assets.

The worst thing to do is nothing

Putting off insurance planning because the subject makes you uncomfortable is unfair to you and your family. If you don’t have an insurance program as a part of your comprehensive financial plan, you should sit down with us as soon as possible to identify and manage the potential risks to your long-term goals. And, if you have an insurance program in place but have not reviewed it recently, the changing rate environment and recent evolution of insurance products make now an ideal time to revisit and determine if it is the right program for you.