Your Insurance Plan will help you determine if you have the right amount and type of insurance.
Through an in-depth review of your current financial position, we’ll help you determine if you and your family are adequately covered should any of the following occur:
Unexpected Death – The Survivor Analysis looks at the situation if you or your spouse were to die today. It takes into account your immediate and future family requirements as well as any sources of capital available to you to determine if your family’s financial future is secure in the case of an untimely death.
Accident or Sickness – The Disability Analysis looks at the situation if you or your spouse were to become disabled today due to an accident or sickness. Similar to the Survivor Analysis, this analysis looks at your future needs and resources to ensure that a disability to you or your spouse does not jeopardize your family’s financial health. It makes sense to protect your largest asset – your future earning power.
We then provide you with a report which clearly shows how much insurance (if any) is required to protect your family in the event of your death. The report also outlines your income replacement needs in the event of a disability.
Implementation of your Insurance Plan includes a detailed review of the marketplace and our recommendations for the best-suited and most cost-effective insurance solution. Our independence ensures that all available insurance products are considered for your plan. Product selection is also determined by the time horizon of your need. If your need is temporary, term insurance will most often be the solution. If your need is of a long-term nature or for life, permanent insurance will be most appropriate.
Your Insurance Plan should be updated at least once every two years to take into account your changing circumstances, or sooner if a major life change takes place such as marriage, divorce, birth of a child, etc.