PLANNING SERVICES
Life Insurance
Reviewing life insurance needs as part of income replacement, estate planning and broader financial protection considerations.
What This Planning Area Covers?
Life insurance serves different purposes at different stages of life. Income replacement for families with dependents, business continuation planning, estate equalization, charitable giving strategies, and for some permanent policies, supplemental income considerations. A review of existing coverage — whether it's appropriate, sufficient and cost-effective is a routine part of comprehensive financial planning.
Common Questions We Discuss
Does my current life insurance coverage reflect my current situation?
How does life insurance fit into my estate plan?
Am I paying for coverage I may no longer need?
Are there uses for existing permanent policies I haven't considered?
How does life insurance interact with my business continuity plan?
Important Considerations
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Life insurance needs typically change significantly over time
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Term and permanent policies serve different purposes and have very different cost structures
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Policy illustrations showing future values involve assumptions that may not be realized
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Existing policies should be reviewed before being replaced or surrendered
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Life insurance products carry surrender charges and other terms that affect decisions