The best designed and well thought out financial plan, can get derailed quickly with the loss of an income stream by an unexpected death or healthcare costs for a loved one. Too often, insurance is left out of the financial planning picture. Many households have no insurance at all, or, if they do, it may not be enough to adequately address their financial objectives.
Life insurance was once viewed simply as a means of risk management to protect against financial loss in the event of a person’s death. Today, it’s an important part of an overall strategic financial plan and a vital funding mechanism for businesses.
Long-term care insurance pays for the care clients may need if they are no longer able to care for themselves. These costs continue to rise as the overall population in America retires.
Business owners must consider business continuity and succession plans. Insurance can serve as a funding vehicle.
Utilizing WealthVision, we take a holistic view of all aspects of a financial position, including insurance. We want to make sure we have the correct type of coverage in place, correct amount and keep insurance costs low.
The insurance component becomes increasingly more important the more complex your financial position and the need for proper tax planning plays a part in your financial game plan.
Click the button below to learn more about our Financial Planning packages and process.