* We offer life insurance, disability insurance, long-term care insurance, and annuities for individuals, families, and businesses.
Protect yourself from financial ruin
Sensible insurance planning requires knowledge of the science behind insurance. It's not rocket science, but it is a science.
Are there people in your life who depend on your income (even if your spouse makes good money)? Does it matter financially if your income stops today? If you become too sick to work, do you have a plan in place to cover your business overhead?
You probably have a few people whose roles are critical to the success of your business. (This often includes you, the owner.) Would your business suffer financially if they die? Have you made provisions so your business can continue with minimal disruption?
Did you know that if your business partner dies, their spouse becomes your new partner? Are you prepared to work with them? If not, do you have cash to buy them out? Or, if your partner is too sick to work, will you be able (or willing) to continue paying them?
When it's time to pay estate tax (due 9 months after death), will your estate have enough cash so your heirs can pay the tax? Or, will they need to sell your assets in a hurry at a deep discount to come up with the money quickly?
Soon to retire (or already retired)
As absurd as it might sound, financially speaking, there is such a thing as living too long. By living longer than expected, you run the risk of outliving your money (called longevity risk). Have you made sensible provisions to hedge against such risk?