Financial Planning Through Smart Insurance Investment
Most people wouldn't think of a life insurance agent as a financial planner. You go down to your brokerage to discuss your life circumstances and goals, and they find you an appropriate insurance policy. You might see them again after a major life change like marriage, divorce or the birth of a child. Some people purchase cookie-cutter insurance online and never see an agent face-to-face at all. However, the roles of insurance agents and financial planners are merging. Many financial consultants are also licensed insurance agents, and more insurance brokerages have full-time financial planners on staff than ever before.
It's All About Risk Management
No one likes to think about their own mortality, but most people aren't willing to leave their children's future security to chance. You never know what can happen to you tomorrow, next week or 20 years from now. The role of an insurance agent as a financial adviser is to help you minimize financial risk now and in the future.
By recommending insurance products that build a cash value, your insurance broker can help you gain access to cash if a financial emergency hits. Your agent can also explain the tax advantages of investing in an irrevocable insurance trust if you have a large estate. If your spouse makes less money than you, how much will it cost to pay the mortgage until they can get on their feet? These are things your agent can help you figure out.
It's Also About Safeguarding Your Family
The main goal of obtaining life insurance for most people is to ensure that their surviving spouse, minor children or adult children with special needs are taken care of after they're gone. Competent agents aren't just concerned with selling the biggest policy. They work to help clients estimate future expenses like mortgage payments, college educations and day-to-day living expenses and calculate the minimum your family will need to survive if you're no longer around.
Financial advisory is based on blue-sky planning that makes you optimistic for the future. Insuring your life provides a safety net for your family, making sure their future is secure no matter what.
Contact us at The Della Porta Group to help you protect all of your most valuable assets.