While you can’t predict the future and eliminate risks entirely, you can have a plan in place to deal with risks as they come. You may have seen loved ones struggle financially after becoming disabled, having elderly family members needing a full-time caregiver, or even seen the financial strains when someone unexpectedly passes away without proper coverage.
Your situation is unique and should be evaluated that way. We will do a comprehensive analysis of your current insurance coverages and benefits and conduct various insurance needs calculations to determine exact needs to cover your wishes if something were to happen. With our guidance, you can be prepared to deal with unexpected circumstances and mitigate the financial damage they may cause.
Purchasing life insurance can be a stressful experience, with a multitude of options and considerations to weigh. But with careful analysis and the right guidance, this process can become manageable, ensuring you make the right choice.
There are several types of life insurance available, each serving different needs and objectives.
I offer a comprehensive review of your existing life insurance policy. I will thoroughly examine its terms, coverage, and benefits, meticulously comparing them against your current financial needs and future obligations. Together, we will carefully evaluate if the policy still provides the necessary protection for your dependents, or if adjustments are required to safeguard your loved ones’ financial well-being.
To determine the most suitable solution, a needs-based analysis is necessary. Through a needs-based analysis, we can identify if there are gaps in your current coverage and recommend an insurance solution tailored to your distinct needs and goals.
Insurance depend on factors such as age, health and the type and the amount of insurance purchased. As with most financial decisions, there are expenses associated with the purchase of 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. Guarantees are based on the claims paying ability of the insurance company.
Guarantees are based on the claims paying ability of the issuing company. Long Term Care Insurance or Asset Based Long Term Care Insurance Products may not be suitable for all investors. Surrender charges may apply for early withdrawals and, if made prior to age 59 1/2, may be subject to a 10% federal tax penalty in addition to any gains being taxes as ordinary income. Please consult with a licensed financial professional when considering your insurance options.
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