It's critical, for all retirement financial plans, that your planner work with you to assess the need for insurance.
Why can insurance be important? Because you have worked hard to build a solid financial foundation for you and your family, and insurance is your first line of defense for covering your assets. With insurance, you can potentially protect against the risk of loss of your life savings.
Today's prudent retirement planning strategies include annuities, life insurance, long term care insurance, Medicare and healthcare coverage.
We will advise you as to what options you have, which type of policy we believe is best for you, how much insurance you really need, and the right company that fits your needs. We will also take into consideration the structure of ownership on your policies to avoid estate taxes.
If you already have insurance policies in place, we can perform an independent evaluation of your coverage. There is a fine line between the right amount of insurance coverage and being over-insured. The extra dollars can be working hard for you elsewhere.