Life insurance can be complex, overwhelming and confusing. Our belief is simple; buy term insurance and invest the rest. Life insurance is one of the first things considered in a financial plan, especially when you have others that rely on your income.
There are certain instances where we would recommend you keep another type of life insurance for tax reasons, insurability concerns or something else. We can provide a complimentary insurance analysis to see what is best for you.
While many individuals prioritize insuring possessions like cars, homes, and even phones, they often overlook their most valuable asset: their ability to earn income. Considering the potential impact of unexpected illness or injury on one’s livelihood, disability insurance becomes crucial in safeguarding financial stability for oneself and loved ones. At Lakewood Wealth Management, we recognize the significance of reviewing disability insurance as a vital component of financial planning, especially for those still in their earning years. Our team leverages expertise to assess clients’ needs and expertly guide them through this essential process, ensuring the preservation of their financial futures.
Ensuring the well-being of your loved ones involves shielding them from the financial, physical, and emotional strains that may arise if you require long-term care. There are multiple ways you can fund long-term care, some people self-fund, some rely on family or friends, and others buy insurance. We can discuss the pros and cons of long-term care insurance and help you decide if it’s the right fit for you and your family.
