Protection Component
The first component of a Financial PlanThe focus of the Protection component is to protect your Assets, Health, Estate, and Life. The reason Protection is addressed first, is because no matter how perfect a financial plan is constructed, it will never be realized if you lose your life prematurely, become disabled and can’t earn an income, or lose your assets because of legal liability. Familiarizing yourself with the components of Protection will make you better prepared for your future.
The Different
Types of Protection
Liability Insurance/ Umbrella Policy
This video explains what a Liability/Umbrella policy is, what it does and why it’s important to have one.
Disability Income Insurance
In this video, you will learn what Disability Income Insurance is. I will explain how it works, the difference between employer provided disability insurance and personally owned disability insurance, and why it’s so important to have this type of insurance.
The Need for Disability
Why do I need Disability? In this video, I will show you the practical consequences of not protecting your income in the event of an illness or injury.
Life Insurance
Do you know the difference between the types of Life Insurance? In this video, I explain the types of life insurance, the differences between them and the benefits of each.
Wills and Trusts
On today's video, what I want to talk about is the importance of having a will and/or trust. They insure that your assets pass on to who you want, when you want, and how you want.
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