Insurance planning is vital for safeguarding clients, their families, and businesses from the threats that can destroy their American Dream. We discuss 12 overlooked ways to protect one’s family, assets, and business against most of these threats, and, through an educational process, our clients soundly insulate themselves from them with confidence. Some of the areas include comprehensive Life, Disability Income, and Long-Term Care Insurance strategies.
Life Insurance
Life Insurance provides crucial financial support for families and businesses during difficult times. In a family setting, it offers financial relief for loved ones after a passing, while in a business context, it helps ensure stability after the loss of a Key Person. Life insurance policies empower beneficiaries with the time and options they need when it matters most.
Disability Insurance
Your most valuable asset is your ability to earn an income. Imagine if you lost your ability due to an injury or illness. What would you do should such a catastrophe strike? It’s happened to me twice, including dozens of clients since 1986. Through rarely considered planning before such a possibility occurred, it kept us all in our homes and enabled us to live with dignity while providing the security essential to rehabilitating ourselves back to health without losing cars, businesses, savings, investments, and retirement accounts.
Long-Term Care Insurance
An Elder Care attorney once told me, “Long-Term Care Insurance is not for you, but for your family, should your loved one be unable to care for themselves.” Consider, it is designed to safeguard your loved one’s legacy from confiscation while enabling the caregiver’s family to preserve their assets. If properly structured, it can provide sufficient monies critical for optimal care, leaving the only question to be asked, “Is Mom and/or Dad receiving the care they deserve?’
