Insurance Planning

If there’s one thing certain about life – it’s uncertainty. Planning to mitigate risk helps protect and preserve your wealth. What has taken you years to build up, could be wiped out in a day without proper risk management. Even though you may think you’ve covered all the bases, life sometimes has a funny way of throwing you a curveball when you least expect it.

The idea behind insurance is to transfer the unlikely risk of a financially devastating event across a large group of people. This way everyone has a manageable financial loss in the form of their insurance premium, but experience peace of mind knowing they’re covered from an unmanageable financial loss.

Financial Insurance Planning Management | Retire To Tellico

What We Can Do for You

Some things are better to have BEFORE you need them, even if they are NEVER used.  Insurance is one of those things.  You may have documents regarding health insurance, life insurance, annuities, disability insurance, long-term care insurance, and property & casualty insurance which is your home, auto, and personal liability. Here’s how we can help:

  • Comprehensive Review: We’ll review existing insurance plans to ensure they continue to fit your needs. Where you’re lacking coverage, we’re here to guide you on which plans make best sense for you and your family. We’ve built this insurance review into our annual service calendar.
  • Shop the Market: We coordinate with independent insurance professionals to shop the market for you to find reputable firms with the best coverage and competitive rates.  We have no financial incentive to recommend any coverage over another as we are fee-only fiduciaries. If we say you need it, you can trust our unbiased opinion knowing we are positioned as educators looking out for your best interest, not salesmen trying to line their pockets.
  • Medicare Enrollment: We can help you navigate the pros and cons of original Medicare with a supplemental plan compared to Medicare Advantage.
  • Tax-Advantaged Health Savings Account: We can help you determine if an HSA is appropriate for your situation and how to maximize the long-term tax benefits it offers.
  • Employee Benefit Review: We’re happy to review your employee benefits around enrollment time to help provide peace of mind you are selecting what’s optimal for your situation.

Book a meeting with us to see how we can help you with your insurance needs.

Let’s Get Started

*The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a strategy involving life insurance, it would be prudent to make sure that you are insurable by having the policy approved. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. In addition, if a policy is surrendered prematurely, there may be surrender charges and income tax implications.