LIfe, Health, Disability, & Retirement

From the unfortunate and unexpected passing of a loved one to a brand-new bundle of joy! One thing that we know for certain is that life happens and often unexpectedly. Life, Health, Disability, and Retirement insurance & benefits are not all about preparing for that dreadful day when we might need to call upon these insurance policies to save us from some unexpected family tragedy. Although originally intended to ensure that your family possessed the financial wherewithal to survive some unforeseen calamity over the years these products have evolved into robust financial tools. 

For decades, the wealthy have used insurance and related products to build and transfer wealth to their loved ones; pay estate taxes; and fund business continuity and acquisition strategies. However for most Americans, Life & Health, Disability, and Retirement insurance are only economically feasible as part of packaged group employment benefit. Employer sponsored group benefits have definitely contributed to society in a positive way. However, upon separation of employment (including retirement) the easy access and cost savings associated with employer sponsored life insurance cease to exist. Policyholders are required to either rewrite these policies at current pricing & terms or forfeit their coverage all together. 

Even if you obtain Life & Health, disability, and retirement insurance or benefits through employer sponsored programs it is always a good ideal to establish your own self-funded insurance program. One can never have too much retirement money, right? This allows you to retain control over your investment! Never let anyone tell you that Life, Health, Disability and Retirement insurance & benefits are not an investment. They are in fact a huge investment in your future.