Have you identified the most serious threats to your financial future? Do you know which risks you’ve mitigated and which remain? Are you Over Insured or Under Insured?
At Ogden Wealth we work closely with our team of Insurance Specialists to uncover risks that could derail your financial plan. It is just as important to focus on what may go WRONG (without proper coverage) as focusing on what could go RIGHT.
Cost effectively transferring risk to the deeper pockets of an insurance company may be prudent to minimize the financial damage of a tragic, unforeseen event. As they say “You never get hit by the bus you see coming”
Some of the ways we utilize insurance in the financial planning process include:
- Life Insurance: Considers income replacement as well as business succession funding and estate planning through a vehicle which may be income tax and estate tax free, if structured properly.
- Disability Insurance: Protects your income in the event of your unable to work prior to retirement.
- Long-Term Care Insurance: Provides financial support for Activities of Daily Living (ADL’s) in respite care, in-home care, adult day care, assisted living as well as nursing home care.