Insurance / Protection

For Individuals, Families, and Businesses

The Fourth Pillar of Financial Wellness

Emergency Savings Accounts
Budget
Debt
Insurance / Protection
Investment Retirement
Emergency Savings Accounts
Budget
Debt
Insurance / Protection
Investment Retirement

For a quick and easy quote for life or long-term care insurance customized to your unique situation, follow the prompts below, or contact us today!

In addition to our life insurance rating tool, we offer several products that require more specialized servicing by our experienced professionals.

Below you will find a number of additional resources to help you better understand some of the options.

Please reach out to our team to discuss your unique circumstances. Click HERE to schedule a discovery call, or call 781-235-4426.

Asset Strategy covers:

Life Insurance

Annuities

Long-Term Care (LTC)

Disability

Life Insurance

Life Insurance

An insurer's guarantee to pay an insured's beneficiaries after death in exchange for a premium.

Annuities

Annuities

Contracts with a life insurance provider for periodic payouts for retirement planning.

Long Term Care

Long Term Care

Services for long-term illness or disability patients who can't care for themselves.

Disability

Disability

Financial coverage for missed income if illness/injury prevents work.

“A policy of life insurance is the cheapest and safest mode of making a certain provision for one’s family.”

– Benjamin Franklin

Protection and Insurance go hand in hand, working in tandem to help shield individuals, families, and businesses from unforeseen risks and uncertainties. At their core, both concepts revolve around the fundamental principle of mitigating potential losses and providing peace of mind.

Why It’s Important:

Protection encompasses a proactive approach to risk management, involving measures such as prudent financial planning, emergency savings, and risk avoidance strategies.

Insurance serves as a safety net, offering financial compensation in the event of accidents, illnesses, property damage, or other covered perils. Whether it’s health insurance safeguarding against medical expenses, auto insurance covering vehicle repairs, or life insurance providing for loved ones in the event of untimely demise, insurance policies provide a layer of financial protection that complements individual efforts.

Life Insurance:

Most of us need 5-10 times our income plus an additional $100K/ dependent child. If you are the major bread winner in the family and you carry a significant debt load, aim toward the high end of the recommended range.

Disability:

Evaluate your risk of disability and consider insuring against this risk.

Long Term Care:

Start the evaluation of this coverage at mid-life, not late in life when it will be too expensive.  Consider leveraging hybrid coverage where LTC or critical illness coverage is part of a life insurance foundation.

 

Property / Casualty:

Maintain adequate levels of protection, including Personal Umbrella coverage.  Use higher deductible limits (Self-insured retention) to keep costs down.

Health Coverage:

Consider a High Deductible Health Plan (HDHP) in combination with funding your HSA, and let the HSA build-up

  • 2024 Family limit: $8,300, Self-only: $4,150
  • (+ $1,000 catch up)

Wills / Trusts:

Part of Foundational Financial Planning includes making sure your affairs are in order.  Basic Wills, Durable Powers, Healthcare proxies, or the use of Trusts must be in place and regularly reviewed to reflect life changes.

A Short Introduction to Long-Term Care

2024

MyBlocks™ is a free, interactive financial planning tool that makes complex financial topics fun, easy to understand and personalized. It has dozens of modules that can help you navigate topics such as Social Security, Health Care, Life Expectancy, Inflation, Long-Term Care Costs, Long-Term Care Analysis, and much more.

Did You Know? Click on the images below to expand.

Source: Forbes

Want to learn more about Asset Strategy services?
Reach out to our team for a free consultation or informational meeting.