Life insurance is an important component to any solid financial plan. It can provide financial protection for your family—or your business—in the event of your premature death. Insurance protects clients from having to abandon or compromise on future planning goals if the unexpected occurs.
We help those that have existing insurance coverage by reviewing their current polices and ensuring that they have a proper plan in place. We also help those that have a need for insurance, by providing quotes and illustrations from various insurance companies. From this we help provide recommendations on the type and carrier we feel best fits our client’s needs.
| We can assist individual clients with the following insurance planning concerns: | |
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Wealth Replacement |
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Income Replacement |
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Liquidity for Estate Needs |
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Estate Preservation |
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Funding of Irrevocable Trusts |
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Gifting |
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Multi-Generational Financing Planning |
For successful business owners, you have worked hard to reach your goals and it is probable that your business has become one of your most valuable assets. We can help evaluate what would happen to your business and family should the unexpected happen. We will assist in reviewing legal documents and putting the appropriate business insurance in place.
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Buy/Sell Funding for Continuation Planning |
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Key Man Replacement Coverage |
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Executive Benefits Planning |
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Collateral Assignments |
Life Insurance Analysis and Design |
We evaluate current insurance polices that are in place and ensure that you are properly covered. In addition, we will recommend types of coverage, the amount and length of insurance that is needed, and provide clients with quotes and illustrations. |
| Long-Term Care | A long-term care insurance policy provides you with the resources to help cover the cost of long-term care you may incur. It gives you the ability to take control of your long-term care decisions and is a proactive and responsible way to reduce the burden of care on family members. |
| Disability Protection | What would happen if your paychecks suddenly stopped because you were too sick or injured to work? What if you couldn’t work for months — or years? Still having monthly expenses without income, it’s easy to see how your savings could disappear. Having a disability policy in place would help protect you from this loss. |
To learn more about how The Prosperity Consulting Group, LLC can assist you with insurance planning, email us at info@prosperityconsult.com or call 410-363-7211.
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Overview |
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Investment Planning |
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Tax Planning |
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Income Protection & Asset Preservation |
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Retirement Planning |
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Business Planning |
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Estate Planning |
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Debt Management |
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Insurance Planning |
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Education Planning |
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