Why Insurance Planning Matters
Many families don’t discover gaps in their insurance coverage until it’s too late. From a car accident to a health emergency or property damage, life’s unexpected events can threaten even the strongest financial plan.
That’s why we approach insurance planning with the same care and attention as investment and retirement strategies. We help clients in Colorado and beyond review their current policies, uncover potential gaps, and explore insurance options that complement their overall financial goals.
Types of Insurance Policies We May Consider
We offer access to a variety of insurance products through our office, not to push policies, but to provide convenience and ensure your plan is comprehensive. You are under no obligation to act on our recommendations, but we may identify opportunities that align with your needs.
Here are some common types of insurance we may review:
Annuities
Annuities can offer guaranteed lifetime income, making them a valuable tool in retirement planning. These insurance products typically involve an accumulation phase (where premiums are paid) and a distribution phase (where income is received). Income annuities may be suitable for those looking to create predictable cash flow in retirement.
Life Insurance
Life insurance offers financial protection for your loved ones. It can also be used strategically in estate planning to ensure life insurance death benefits pass directly to beneficiaries, helping preserve value and avoid certain creditor claims. We evaluate the type of life insurance policies that provide enough coverage that may fit your specific needs.
Disability Insurance
Disability insurance provides income support if you’re unable to work due to a covered illness, injury, or condition. This type of coverage is often overlooked but can be critical to maintaining financial stability during health-related disruptions.
Long-Term Care Insurance
Health issues that arise later in life can come with significant personal care costs. Long-term care insurance helps cover the expense of extended medical and custodial care, whether provided at home, in assisted living, or in nursing facilities. This coverage helps protect your assets while giving you peace of mind.
Property & Casualty Insurance
This broad category includes homeowners, renters, auto, and umbrella liability insurance. These policies play a key role in protecting your physical assets and shielding you from financial liability related to accidents or damages.
Our Commitment to You
As fiduciaries, we are dedicated to helping you make informed decisions about risk management. Our goal is not to sell, but to educate and support. Whether you’re just starting to build your safety net or reassessing your existing coverage, we aim to help you feel more secure about your future.
Insurance planning is available as part of our comprehensive financial planning or through hourly consultations, depending on your needs.
Our Role in Life Insurance Financial Planning
While we at WealthClarity offer a one-stop source for all your long-term insurance needs, we may not be your sole insurance provider. However, we strive to serve as your strategic guide. As part of your financial planning process, we may:
- Review your existing policies to identify gaps or overlaps
- Explain the role of various insurance products within your broader financial picture
- Collaborate with your existing insurance agent or connect you with a trusted professional
- Offer certain insurance products directly, when appropriate, and in your best interest.
We approach insurance the same way we approach every financial decision: thoughtfully, transparently, and with your goals in mind.
Explore Insurance Coverage with WealthClarity
If you’re ready to take a closer look at how insurance fits into your financial plan, we’d be honored to support you. Together, we can explore ways to protect what matters most — your income, your health, and your legacy.
