FIS will help identify threats to your wealth accumulation, preservation, and distribution, and recommend or help implement protection.
Insurance planning is an important element in risk management and should be part of your financial plan. Insurance recommendations may include:
Life insurance provides the capital to complete the investment plan upon death.
FIS will help each client access their capital shortfall and time frame by examining their current financial picture and contrasting it with their final financial picture. FIS will investigate the stability of the policy provider, identify capital needs of the client, assist in designing an appropriate plan, and monitor the policy to see if and when it is in danger of lapsing.
Long-term Care Insurance
Long-term care (LTC) is multifunctional and designed to cover many types of assistance—although it is most commonly used for nursing care.
The US Census Bureau estimates that almost half of all Americans will need long-term care at some point after age 65. FIS works closely with clients to determine if LTC insurance is financially feasible, and if it is, whether they are fully protected over their expected lifetime. Unfortunately, some individuals may not be able to afford this level of care, even though it may be required.
There are many factors to consider when determining if an LTC plan is appropriate.
Disability insurance, also known as disability income insurance, replaces a portion of income—typically between 50% and 70%—for individuals who are no longer able to work due to sickness or injury.
Consider this statistic: A 20-year-old has a 30% chance of becoming disabled by the time he or she reaches retirement age.
Needless to say, the financial consequences of a disability can be devastating. In 2001, more than one-fifth of bankruptcies in the United States occurred because the debtors (or their spouses) lost at least two weeks of income due to injury or illness. While government programs such as Social Security provide disability benefits, the eligibility requirements are strict: the disability must be no less than one year in duration and the government must conclude that the disabled individual is incapable of any gainful employment.
The best time to purchase disability insurance is when it is not needed.
FIS is registered with the Securities and Exchange Commission. The purpose of this web site is for information distribution on products and services. Any communications with prospective clients residing in states or international jurisdictions where FIS and its IA representatives are not registered or licensed shall be limited so as not to trigger registration or licensing requirements. Nothing on this web site should be construed as personalized investment advice, which can only be provided in one-on-one communications.