Insurance is the process of transferring the risk of loss to a third party for a fee. Insurance planning is the process of identifying potential areas of loss and providing a plan of protection against that potential loss.
The areas that are the focus of our planning include loss of life, disability, Long-Term Care and financial loss. It includes the determination of how much insurance might be needed for a given risk, the proper type of contract and the most effective way to fund it. Also included is the review and evaluation of insurance contracts in an existing portfolio or contemplated for a given risk.