Insurance Planning

You and your family are the most worthwhile investments you’ll make in this life. That is why it is so important to protect those investments with adequate insurance planning.

Working with a dedicated professional can help you create a comprehensive insurance planning strategy, one that helps you protect your family from a world of uncertainties.

What Is Insurance Planning?

A comprehensive insurance planning strategy is about more than simply buying the right insurance policies. A well-rounded plan will include some element of life insurance, liability insurance protection, home and auto insurance and business insurance in addition to other types of insurance coverages to protect your personal and business assets. It may also involves some or all of the following the following elements:

  • Tax Mitigation
  • Risk Management Planning
  • Cash Flow Management
  • Business and Family Succession Planning
  • Establishing Funding Strategies to Leverage Wealth
  • Charitable Giving Management

The key to comprehensive insurance planning is to work with an experienced financial planner who follows an individualized strategy that takes your financial goals into account and addresses your unique financial interests and concerns.

Why Is Insurance Planning Important?

A solid financial plan is about maintaining your financial security and independence and protecting your financial legacy for your family, loved ones and charitable causes.

Most people at the very least protect their home and vehicles with insurance coverage. Life insurance coverage, disability insurance, and long-term care insurance, though, are other necessary elements that are often forgotten in the financial planning process. Life insurance, for instance, can help mitigate some of the tax burden your family will face in addition to helping to manage the costs of medical treatments required in the event of death or a prolonged illness.

Long-term care and disability insurance can help to control the costs of disabilities related to accident or injury that may prevent you from earning a steady income over a prolonged period of time. This can include things like cancer treatment, auto accident recovery and countless other unexpected events that could potentially occur within your lifetime.

Long-term care insurance can help you with the expenses related to prolonged treatment in a long-term care environment such as an assisted living community or nursing facility. Both of these types of events can place even a well-placed financial strategy into a state of crisis if these possibilities aren’t properly planned for.

Why Trust Cornerstone Financial Management, LLC?

Cornerstone Financial Management, LLC has an experienced team of professionals that are ready to work with you to come up with a comprehensive insurance planning strategy that reflects your values, addresses your concerns, and works toward your long and short-term financial planning goals. Click here if you would like to have a financial advisor contact you about your insurance planning needs.

Financial freedom begins with a recognition. It is then followed by a decision to leave where you are in pursuit of where you want to be.

Bob Deaton, CFP, CMFC

It isn’t how much money I’m making that will determine my financial success. Rather it is how much I’m keeping and how hard it is working for me.

Jay Brown

If we are planning for our future, we have to begin with the present. If we don’t identify our starting point, we will not have a direction to walk towards.

Ken Calcutt, CMFC

In the pursuit of our financial goals, we must be willing to adjust our strategies.

Robert Templeton, CKA, CRPS, CMFC