Risk Management
Having a good individual disablity insurance policy is key to a good foundation in your financial plan. You have worked too hard not to protect you and your ability to earn a significant income. Here are key words and topics we would discuss together:
- Own occupation definition.
- Non-cancelable and guaranteed renewable contracts.
- Future insurability options.
- Guarantee-to-issue plans.
- Discounts that may be available to you.
Life insurance might also be appropriate for you, depending on your financial situation. If working together in this area, we would discuss:
- The various forms of life insurance.
- How much might be appropriate.
- Tax deferral within life insurance contracts.
- Tax-free withdrawals- basis and loans.
Other risk management areas to discuss would be:
- Long Term Health Care insurance planning- will your parents become your financial responsibility?
- Health insurance- understanding COBRA.
- Malpractice insurance.
- Umbrella and Property insurance.
- Owning property in other states- how property is titled.
- Wills and trusts. *
*Seek the guidance of your professonal legal advisor before making any decisions.