Do you know exactly what would happen to your family financially if you didn’t wake up tomorrow?
We often remind clients that the question of how their portfolio is invested should be a secondary concern. The most fundamental and critical issue is having a financial plan in place which includes tax and estate planning where your insurance needs are assessed.
Life insurance not only provides peace of mind to you and your loved ones but can be an essential part of a sound financial plan.
Here are a few points you should review with a professional every few years:
- Are the policies you own optimal from an estate planning standpoint?
- Do your beneficiary designations still accurately reflect your goals and plan for your family?
It’s important to explore ways to use life insurance as part of your comprehensive financial plan to meet your goals. If you aren’t sure how to do that, contact a professional who can help.
Thinking about hiring a professional to help you implement a long-term financial strategy? We would be more than happy to set up a 30-minute discovery call to get a better understanding of your unique situation.
Read The Full Commentary
If you do not have access to our monthly email, you can request it here:
Your privacy is fully protected. By filling out this form to request this month’s commentary, you give explicit permission for LT Wealth Management Partners to email you to deliver our e-newsletter. It is important to note that your consent acknowledges agreeing to receive our newsletter knowing that your name and email may be stored on external servers outside of Canada.