Insurance Planning
At Conry Financial Services, we combine our 53 years of professional experience with a keen understanding of our client’s goals and objectives and take pride in developing unique, safe, time-tested strategies to help seniors meet their financial goals. Insurance Planning is only one of the services used in our planning process.
On the surface, the Insurance Planning process may sound simple and straightforward. However, in reality, it can be challenging. With all the changes and developments in insurance products, and the recent onslaught of available policy riders, Insurance Planning can be one of the most important, and yet the most overlooked type of planning you can do.
Insurance Planning
Most people address their insurance needs during their working years, while raising families. Even when they retire, people buy life insurance, long-term care insurance and annuities, here and there. In fact, it is safe to say that in most cases, insurances policies are the keystone of most retiree’s financial wellbeing. Yet, most people spend more time reviewing other, less significant assets, and tend to ignore their insurance policies. Insurance Planning should be done on a regular basis (every two years, or so) to make sure;
Your policy will last as long as you thought… (most common)
Declining interest rates haven’t adversely affected your coverage.
You are not inadvertently overlooking an opportunity to leverage lazy money, to benefit you and your heirs.
- Benefits will be paid to the intended beneficiaries.
- Benefits will be received on the most tax-favored basis that the IRS will allow.
- Premium dollars are working as hard as they could.
- Benefits from all policies are keeping pace with inflation.
- Existing policies are not outdated, compared to those available in today’s marketplace.
When insurance products serve to enhance our planning strategies, those typically used in the Insurance Planning process often include, but are not limited to;
- Life Insurance*
- Annuities
- Long Tem Care Insurance
- Life Settlements
Although there are similarities which do exist between Planning Firms, at Conry Financial Services, we combine our 53 years of professional experience with a keen understanding of our client’s goals and objectives and take pride in developing unique, safe, time-tested strategies to help seniors meet their financial goals. But not all Planning Firms employ the same Due Diligence Process - Find out more about Conry Financial Services’ Due Diligence Process.