Protection Planning

Protection Planning is a critical element to effective financial planning.  It’s like the cement slab you pour before building a house.  Before you can begin building a comfortable nest egg you must lay the foundation first.

The foundation is comprised of various types of insurance that protect your nest egg when unplanned events occur.  Life is a serious of unplanned events which makes it impossible to sleep with a peace of mind when unprotected. 

The primary protection areas include:

	Auto Insurance
	Mortgage Protection Insurance
	Health Insurance
	Disability Insurance
	Home Owner/Renter Insurance
	Property Casualty Insurance
	Life Insurance
	Long Term Care Insurance

4 Steps to Effective Protection Planning

There are four steps to effective protection planning.  

Step #1: Risk Identification

	How would you pay your mortgage if the main breadwinner of the              family passed away?
	How would you pay your mortgage the main breadwinner was unable        to work due to a disability?
	What would happen if someone in the family lost their health                      insurance coverage?
	What would happen if the main breadwinner lost their job?
	And more...

Step #2: Risk Measurement

After we identify how the risks you face can affect your life we can make sure you are protected with the right amount of coverage.  We measure the risk of death, disability, unemployment, loss of medical, and your retirement risks.

Step #3: Methods for Risk Management

The two methods you can deal with risk are to avoid it or manage it.  You can do your best to avoid risky situations but you cannot prevent unplanned events.  The best approach to deal with risk is to manage it using various types of protection. 

Step 4: Risk Administration

In the final step of the protection planning process we implement the proper amounts of protection for your family.  In the event that we do not offer a particular type of coverage we refer you to a professional who can provide it.