Evaluating Insurance Needs
The element of protection is a foundational tenet of a well-developed wealth management plan. Having a strategy to safeguard what you’ve accumulated and your family’s financial future gives you confidence and comfort. While addressing all your insurance needs can be complex, you can achieve wide-ranging protection against the inevitable and the unexpected through sound strategic planning.
What You May Be Thinking
- If I were to lose my income, could my family maintain our current lifestyle?
- Do my existing insurance plans accurately reflect my current needs?
- What would the need for long-term care do to my portfolio?
- How can I make sure my life insurance policies are set up in the most tax-efficient manner?
- Do I have the proper insurance for my home, automobiles, collectibles, etc.?
Evaluating Insurance is closely related to these other areas of advanced planning used by Copper Leaf:
How Your Team Helps
Your advisory team works with trusted insurance specialists to identify your myriad insurance needs and walk you through the options to best meet them. We work together to make sure your insurance provides you with the proper amount of protection and reflects your specific goals and objectives identified in your wealth management plan. Our goal is to make sure your financial future is secure and protected by:
- Providing access to specialists in life insurance, long-term care insurance, disability insurance, estate planning, business planning, and home and auto insurance.
- Comparing the options offered by dozens of highly rated insurance carriers so you have a variety of solutions to best address your needs.
- Participating in regular review meetings to make sure your insurance continues to meet your evolving needs.
- Identifying planning strategies that maximize the role that life insurance plays in your wealth management plan.
- Developing a plan for income replacement.
- Performing evaluations for life insurance.
- Providing buy/sell and key person evaluations for business needs.
Please note that the information presented in this material is for general purposes only and should not be acted upon without first seeking professional advice. This material has been authorized by Focus Partners Advisor Solutions (FPAS), and CLF makes no representation or warranty regarding the accuracy of the information provided. It is being used with permission and was originally published by FPAS.
Copper Leaf Financial has established key strategic partnerships with elite financial industry leaders including FPAS. These alliances put us in the optimum position to help clients reach their personal and financial goals while retaining our independence. We are truly independent fiduciaries offering high-level services without being accountable to a large parent corporation unlike many of our competitors who attempt to pick stocks and outsmart the market. As a member of FPAS network of more than 140 independent wealth management firms we have strengthened our ability to help clients make the best decisions by providing them with ideas, insights, and intelligence from industry thought leaders. Through our strategic partnerships we are in a unique position to deliver comprehensive solutions to our clients. This is true wealth management.
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