Insurance Protections
Do you have insurance policies in place? Have you taken a look at them lately?
They can help protect you against loss of income or significant healthcare expenses. They can also help minimize inheritance taxes. And for young families with two spouses and young children, a term life policy can be a safety net in the face of catastrophic life events.
You may think of us primarily as your investment advisors, but we can also help you understand your insurance needs and how potential protections fit into your overall financial plan.
We can also review existing policies that you have. Over the years, we've encountered a lot, policies from a quarter-century ago, and people who thought they were making premium payments only to discover that their policies are maturing, requiring a lump sum to continue.
Variables change, and what made sense years ago might not align with your life now.
We can help you make informed decisions, whether it's a reaffirmation of what you already have, or a shift towards more suitable options. Or in some cases, you might be better off investing the money you would put into an insurance policy.
As fiduciaries, we are always prioritizing what’s in your best interest, not pushing certain policies.
So give us a call today so we can look at your situation and unravel it together. It’s just part of the full financial planning process you get here at Rabadeau Wealth Management.
Our family is here for yours.
This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. Any opinions are those of Lauren and Russ Rabadeau and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. Past performance is not a guarantee of future results.
These policies have exclusions and/or limitations. The cost and availability of life insurance depend on factors such as age, health and the type and amount of insurance purchased. 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. Guarantees are based on the claims paying ability of the insurance company.
Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.
Every investor's situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Prior to making an investment decision, please consult with your financial advisor about your individual situation.
