Nobody likes to talk about insurance, it is often very misunderstood. Clients have misconceptions as to what they have, how long it will be there, and exactly what it does for them! For those reasons, and more, we are happy to offer a professional, complimentary review of your insurance and to explore other areas where insurance can fit into an overall financial and estate plan.

Insurance check up!

The following are some questions to ask yourself:

1. Is my term insurance coverage priced for 2010? (rates have come down)
2. Will my Universal Life Policy last as long as I need it? (Clients are shocked to find out that, with lowering interest rates, their policies will expire before they will!)
3. How has the market affected my variable universal life policies?
4. Do I have riders or ratings on my policy that could be removed to save money?

Uses for insurance:

• Pay estate and income taxes at death with discounted dollars
• Get liquid assets to your heirs, income tax-free, using your taxable pension account
• Create a tax-free supplemental income
• Fund buyout agreements

Explore long-term care insurance:

• Policies are more flexible and more affordable than in the past
• For clients with liquid assets between $250,000 and $3 million it is essential to start today

Disability income coverage:

• Examine the need
• Look at existing coverage