As a part of the Financial Planning process, or on an as needed basis, we can help identify risks that can negatively impact your financial situation or your ability to achieve your goals. There are times where it is more cost effective to shift the risk to deeper pockets through the use of insurance products.
Some ways we use insurance products in financial planning recommendations include…
- Life Insurance – Typically used for income replacement in the event of death. Life insurance can also be used in business succession planning, estate tax planning and income tax planning.
- Long-Term Care Insurance - Provides financial support for Activities of Daily Living (ADL’s) in respite care, adult day care, in-home care, assisted living as well as nursing home care.