INSURANCE PLANNING

Without proper planning, be it investment planning, retirement planning, or estate planning, you’ll likely not invest successfully, retire comfortably, or leave a meaningful legacy for your beneficiaries. Without a well-thought-out insurance plan, every one of those facets of a financial plan could be exposed to unforeseen risks.

Good planning helps you identify and plan for all the risks involved in every aspect of your financial life. Thoughtful insurance planning helps mitigate the risks you can’t foresee or those that you are unable to plan around.  Managing life’s risks is a key part of our process.  While financial planning focuses on building your wealth, insurance or risk management emphasizes strategies to preserve it.  This means the most cost-effective solutions to address various eventualities, including death of a loved one, the need for long-term care or the event of a disability.

They say that some things are better to have BEFORE the need is felt – even if they are NEVER ever used. Insurance is one of those things. Rather than seeing insurance as an “expense,” most people experience it as peace of mind. That’s the essence of our insurance planning service.

At Indigo Wealth Management, here’s what we do for you as part of our Insurance Planning service:

• Comprehensive review:  We will examine what areas of your finances and personal goals are at risk, and review existing plans, if you have them, to ensure they continue to fit your needs. We then advise and guide you on which risk areas you are most exposed to and suggest the appropriate actions to take.
• Home, car and other asset insurance:  It is our belief that you shouldn’t over-insure, but you should never un-insure or under-insure either. The type and value of your home, car and other assets will determine what insurance, and how much of it, you should obtain. We have independent strategic partners who can help you are properly insured for your needs. 
• Retirement income through annuities:  Sometimes the best way to guarantee retirement income is the simplest – annuities.  These products vary in terms of pay-out options and conditions, and we will help you make sense of it all. 
• Death-event security:  If you have people that depend upon you being around for many years to come, like your spouse/partner, minor children, aged parents, we’ll advise on what life insurance policies best suit your needs and budget.
• Disability and long-term care protection: Accidents, at home, at work, during your commute, can leave you severely disabled and financially stressed, as can debilitating illness. We’ll help you insure against such unexpected turn of events. This includes taking a close look at what employee benefits you have in these areas. 
• Insuring estate and succession plans: When structured correctly, insurance can be a great estate planning tool as well, especially when your estate has a large amount of illiquid assets such as businesses or real estate holdings. Partners in business may also use insurance policies as a great financial tool to aid in succession planning.

Learn more about our process....