Insurance Needs Analysis & Risk Management

Insurance Needs Analysis and Risk Management

Insurance can often provide a cost-effective way to cover risk from unanticipated events. We will help you identify your risk exposure and evaluate your insurance needs to make sure you are adequately covered.

Insurance can be used in the financial planning process in the following ways:

  • Medicare Supplement Plans supplement costs not covered by Medicare Parts A or B, such as prescriptions, co-pays, deductibles, and other out-of-pocket costs.
  • Life Insurance replaces lost income or funds business succession. Structured properly, life insurance proceeds can be free of income taxes and estate taxes.
  • Disability Insurance protects your income should you be unable to work prior to reaching financial independence.
  • Long-Term Care Insurance funds support for Activities of Daily Living (ADLs) in respite care, in-home care, assisted living, and nursing home care.

Is your current insurance protecting you in the most efficient manner? We can show you how insurance can fit into your comprehensive financial plan.