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Preparing for the Unexpected

Things happen.  Some things we expect to happen at some point and some we have no way to predict if or when they “may” happen.  If someone you care about depends on your resources or your income, you should consider tools to help protect them if they lose you.  You can keep and manage these risks, or you can consider transferring some or all of these risks to an insurance company. 

To prepare for the unexpected, we’ll work with you to: 

  1. Review and update your basic risk transfer PLAN – when one is younger the risks tend to be being accidentally hurt or unable to work. As one grows and builds income and assets the risks tend to become centered around lifestyle and everything that comes with aging. As one advances in age the risks to quality of life and dignity increase significantly.  These are difficult subjects and quite important to address, plan for and review periodically.  Proper planning should include a comprehensive insurance policy review and full coordination with your future or current social security, pensions, business income, real estate income, disability, inheritances and any other sources of benefits and retirement income. 
  1. Review and coordinate your insurance STRATEGY – there are some basic types of insurance, and quite a few variations, that address a number of risks. Having a sound strategy for your situation is important. Solutions may include: 
  • Term insurance
  • Whole life insurance
  • Universal and indexed universal life insurance
  • Variable life insurance
  • Long-term disability insurance
  • Long-term care insurance
  • Life insurance with long-term care or chronic illness riders (hybrid) 
  1. MANAGE the tools that protect you from the unexpected – preparing and protecting yourself in the event of sickness, accidents, disability, cognitive impairment, the inability to care for one’s self and/or loss of life can financially empower the people who care about you to be able to help you, without putting a potentially severe financial burden on them. These are some of the most prudent things you can consider for them, for you and for the financial security that can take a lifetime to build. Many of the products used to accomplish this require careful design, implementation and annual or periodic review. 

These are just a few of the things to consider.  We’ll help you design and implement an insurance plan that works for you.

 

“Fun is like life insurance - the older you get, the more it costs.”      – Kim Hubbard

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