If you were to die today, who would be most affected? – Life Insurance policies.
If you were to become unable to work due to illness, who would be most affected? Disability policies.
Do you have an umbrella insurance policy? Provides liability coverage above & beyond homeowner’s insurance. Ex.
If someone slips down the
stairs on your property, you may be held
liable.
Buy long-term care insurance in your mid 40s to mid 50s as a way to protect your estate from being drained due to
medical expenses, allowing you
to pass wealth on to your heirs. Adult Day care ($67/day), Nursing homes ($72,000 to 80,000 annually), Assisted Living ($37,000), and Home Care
($21/hour)