Protection Planning
Protecting You, Your Family, Your Lifestyle
If your family relies on your income, how would they carry on if you were to pass away? Life insurance is such a critical component of financial independence. It provides cash to your family to pay for funeral and other expenses, to help cover credit card balances and car loans, and even provides income to live on for a period of time.
Understanding what your needs might be (and specifically, how much coverage you might need) can often be accomplished by completing a “DNA test” – a “Detailed Needs Analysis.” It helps add up the various needs and obligations, both short-term and long-term, as well as possible new obligations that might arise in the future (ie. caring for aging parents, putting children through college, home repairs, etc.). The DNA test also factors in liquid assets that can be redeemed quickly for a predictable price.
Insurance products include:
- Permanent Life Insurance
- Term Life Insurance
- Long-Term Care Insurance
- Disability Insurance
Needs and obligations – minus liquid assets – can help you better understand the amount of life insurance coverage you may need. We’re happy to help you explore the options – let us know what questions you have.