INSURANCE STRATEGIES

Do You Have The Right Insurance. Do You Have Enough Coverage?

Life insurance

Life Insurance is not only about what you leave behind when you pass away. Most new policies include living benefits that help you to thrive while you are alive!

Some myths and misunderstandings are:

  • Life insurance is too expensive

  • I’m single, so I don’t need it

  • I don’t have kids, so I don’t need it

  • I’m too old or have pre-existing health conditions, so I will never get approved

  • I get life insurance through my employee benefits, so I don’t need anymore

  • Only my beneficiaries will reap the reward

Too many people go without life insurance because they do not understand all its benefits. We see life insurance as The Great Equalizer.

As experienced and licensed insurance professionals, we can customize the right insurance coverage for you and your family based on your financial situation and goals. You not only want to have the right amount of coverage but the right kind. 

Using a combination of whole life insurance and term life insurance, we have shown countless clients how to:

  • Build up capital safely and privately

  • Leverage capital reserves for investments

  • Access money to start or buy a business

  • Purchase large equipment for a business

  • Have supplemental income during retirement

  • Cover the cost of caring for an elderly parent or unplanned medical expenses

  • Fund private school and college education for their kids

  • Pay for a wedding, fertility treatments, adoption

  • …and the list goes on!

To learn more about Life Insurance, watch this short 2-minute video from our Chief Wealth Strategist, Lesley Batson.

Are you ready to see how implementing life insurance in your wealth-building strategy can enhance your financial picture? Do you already have life insurance and would like a professional to review it? Connect with one of our Wealth Strategists today.

 

income or paycheck protection

One of the foundational pieces to the success of any wealth strategy is uninterrupted cash flow.

If you get sick or hurt for an extended period of time and cannot work, how will your household or business cash flow be impacted? How will you pay your mortgage, car note, children’s schooling, medical bills, and even your business payroll if your paycheck stops because you can’t work? This coverage is also known as long-term disability insurance.

How long would your savings last if you couldn’t earn a paycheck?

 

annuities

Are you at least 60 years old and you want to ensure you have a guaranteed income each year to cover your basic living expenses (or more) after you stop working? Annuities are a great way to achieve this but you need to understand:

  • What type of annuity is right for you?

  • What type of annuity should you avoid?

  • What is the cost/benefit of the annuity(ies) you are considering?

  • How much should you put into an annuity?

  • Are you taxed on the income from the annuity? If yes, how much?

  • Do you want/need the income right away or years down the road?

Let one of our Wealth Strategists help you answer these questions and recommend a strategy that will help you reach your overall financial goals.