Protection Advice

Understand why insurance should be a part of your financial plan.

Let’s dig in.

What Do I Need to Know About Insurance?

While it’s not the most exciting thing to talk about (don’t get us wrong, we’re jazzed about things like term life insurance), protecting your livelihood and your loved ones is a critical part of financial planning.

Put protection first. Here’s what you need to know:

Protection Advice - Your employer’s group life insurance might not be enough coverage

Your employer’s group life insurance might not be enough coverage

Most employer plans offer life insurance equal 1-2x your annual salary. We recommend having coverage equal to 3-7x your pre-tax income. Even if you have enough insurance through your job, you may lose it if you leave.

Pro tip: Get additional protection with Term Life Insurance (request your free quote here!). Our life insurance calculator can help you figure out how much coverage you need.

Protection Advice - Breadwinners aren’t the only ones that need protection

Breadwinners aren’t the only ones that need protection

Imagine something happening to the stay-at-home spouse or parent in your family. If he or she became sick or injured, you’d most likely have to hire help or incur extra expenses like medical bills.

Pro tip: There are only a few companies that offer standalone, long-term disability income insurance for stay-at-home spouses and parents and we’re one of them!

Protection Advice - Accidents happen

Accidents happen

In most states, auto liability insurance coverage is a legal requirement, however, coverage amounts vary. Make sure you have enough bodily injury liability coverage and property damage liability coverage on your vehicles.

Pro tip: When deciding how much auto insurance you need, make sure you’re covered for an amount equal to the total value of your assets.

Protection Advice - Protect your property

Protect your property

Get renter’s insurance if you rent and homeowner’s insurance if you own. Are you covered if a candle falls over or if someone slips on your sidewalk? Consider extra liability coverage.

Pro tip: Reduce your insurance premiums by taking preventative actions like installing a burglar alarm system.

Term Life Insurance  Plan for tomorrow. Enjoy today. Learn More Disability Income Insurance   Protect your paycheck.  Learn More

Questions? Contact a financial professional.