Insurance Planning
If there’s one thing sure about life – it’s the uncertainty that living brings. The best-laid plans can sometimes come to naught! Even though you may think you’ve covered all the bases, life sometimes has a funny way of throwing you a curveball when you least expect it. Luckily, while you can strive to plan wisely and thoroughly, you can hedge your bets against the unintended through prudent Insurance Planning.
Why Insurance Planning Is Important
Without proper planning, be it Investment Planning, Retirement Planning, or Estate Planning, you could potentially not invest successfully, retire comfortably, or leave a meaningful legacy for your beneficiaries. And without a well-thought-out Insurance Plan, every one of those facets of a financial plan could be exposed to unforeseen risks.
Good planning helps you identify and plan for all the risks involved in your financial life. Thoughtful Insurance Planning helps mitigate the risks you can’t foresee or those you cannot plan around!
What We Can Do For You
They say that some things are better to have BEFORE the need is felt – even if they are NEVER used. Insurance is one of those things. Rather than seeing insurance as an “expense,” most people experience it as peace of mind. That’s the essence of our Insurance Planning service.
Our Insurance Planning service covers the following:
- Comprehensive Review: We’ll review existing plans, if you have them, to ensure they continue to fit your needs. But if you don’t have an insurance plan, we’re here to advise and guide you on which programs make the best sense for you and your family.
- Death-event security: If you have people that depend upon you being around for many years to come, like your spouse/partner, minor children, or aged parents, we’ll advise on what life insurance policies best meet your needs.
- Retirement income through annuities: Sometimes, the best way to guarantee retirement income is the simplest – Annuities. Of course, these products vary in terms and pay-out options and conditions. We can help make sense of it all!
- Insuring estate and succession plans: When structured correctly, insurance can also be a great estate planning tool, especially when it comes to shielding your beneficiaries from paying taxes or fees on their inheritance. Business partners may also use insurance policies as a great financial tool to aid succession planning. We’ll help you structure an insurance plan that suits your needs.
*The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a life insurance strategy, it would be prudent to ensure that you are insurable by having the policy approved. As with most financial decisions, expenses are associated with life insurance. Policies commonly have mortality and expense charges. In addition, if a policy is surrendered prematurely, there may be surrender charges and income tax implications.
*Fixed and variable annuities are suitable for long-term investing, such as retirement investment. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 1/2 are subject to a 10% IRS penalty tax and surrender charges may apply. Variable annuities are subject to market risk and may lose value.
