Insurance & Estate Planning

Protecting your family and lifestyle go hand-in-hand with an effective estate plan like toast with jam on it (and butter. Don't forget the butter).

Life Insurance *

There simply is no greater leverage available than with life insurance. For just pennies on the dollar, you can replace a lost income, the value of a business, large amounts of money donated to charities, and more. Once you qualify, you'll add an asset to your portfolio that could be worth hundreds of thousands to millions of dollars. Plus, you can control it as long as you wish, but you have to have your coverage designed properly.

Life insurance should be a part of everyone's portfolio, whether as term, whole life, or universal life. Which one is right for you? PlanPrep can help you decide. Here are some of the many benefits of modern life insurance:

Long-Term Care and Critical Illness *

Have you known anyone close to you who has experienced a need for care at home or in a facility? What was that like? Learn some essential questions everyone needs to answer by clicking here.

People who end up needing care want to receive the highest quality of care in the most dignified manner, and the choice of where to receive it without being a burden on their children. Most care that people receive today is paid, unfortunately, out of pocket ... either their own or their kids. Learn some of the many ways to receive and pay for care by clicking here.

If you don’t have a family history with a need for care, then you may want to take your chances and cover any costs that may arise (I call this self-insuring). Click here to see how much the cost of care might require from your portfolio if you choose to self-insure.

Do you have a family plan to deal with health emergencies? If not, click here for some ideas on how you can develop a plan that suits you, your family and finances.

PlanPrep has compiled some resources to help make this daunting task more manageable. Click here for our current list.



Estate Planning

Who would manage your money and make health care decisions for you if you could not do so for yourself? What about the difficult decision about life support? Who would you trust with those decisions and under what circumstances? You see, if you don't have it in writing and in the right hands, it isn't going to happen the way you think. Things can get ugly, costly, and last longer than your spouse or heirs would care to imagine.

A well crafted estate plan also can minimize transition costs and reduce the painstaking, time consuming process of transferring assets. And estate taxes may be a concern if your estate is high enough. Most people don't have to worry about that issue. However, there are some states where taxes may be due and the probate costs and delays may be significant, as in California or Connecticut.

You can also protect your young children, create a foundation, enlist your children to participate in your charitable inclinations (a great incentive to have access to your wealth, don’t you think?), or manage assets for a special needs child of any age.

We are not attorneys (Burt doesn't even play one on TV), but we can help you understand the potential impact of your current situation by showing you what your potential estate settlement costs may be today, as well as 10 and 20 years from now.  We will work with you, your tax advisor and attorney in the process of developing your overall plan.

* We do not charge a fee for insurance advice or reviews. When you place your coverage through us, we would receive a commission from an insurance company.