Insurance Planning
Plan For The Unexpected
While insurance might not be the first thing you think of when planning your financial future, it is essential. It protects you and your family during unexpected events, ensuring that your financial goals aren't derailed by sudden needs. Essentially, insurance transfers the risk of rare but potentially catastrophic events to the insurance provider.
Preserving your wealth is just as important as growing it. At Michelle Bissler Financial, we provide comprehensive insurance and risk management solutions designed to safeguard your assets and minimize financial exposure.
As a CFP®, CPA, and experienced financial advisor, Michelle integrates risk management into your overall financial planning, ensuring your strategy includes coverage for life, disability, and long-term care. Whether you’re an individual, a family, or a business owner, we help you identify potential risks and implement plans that protect what matters most.
Types of Insurance You May Need
Asset management involves enhancing your wealth through various investments while mitigating risks. Various vehicles for asset growth include:
Permanent Life Insurance:
You can expect consistent premiums and payouts throughout the life of this policy. It's a lifelong policy that builds up some cash over the years. There are three main types:
- whole life
- universal
- variable universal
Term Life Insurance:
A term life insurance policy is meant for protection during a certain period and is sold in various year periods. You can expect premiums to remain steady and be lower than those for a permanent life insurance policy. These policies are usually taken out to cover the period of a mortgage or young children growing up.
Long-Term Care Insurance:
In the event that you or a family member can't take care of themselves, long-term care insurance covers the cost of home and nursing home care, typically not covered by health insurance or Medicare.
Disability Insurance:
If you're injured and can't work for an extended period of time, disability insurance provides you with the funds you need to recover and meet your financial obligations.
Collaborating with a financial advisor allows for a tailored assessment to determine your coverage needs. Remember, when you leave a job, you often leave your life insurance behind. With a personal policy, your coverage stays with you.
Explore Your Insurance Options Today
As your financial aspirations change, tailoring insurance coverage to your unique risk profile can help minimize setbacks and ensure enduring security. We are here to evaluate your financial needs and suggest suitable insurance strategies. Reach out today to schedule a consultation and start planning a future free of worry.
*Guarantees are based on the claims-paying ability of the issuing company.