Personal Insurance Services

SERVING clients nationwide

Insurance

Insurance is an important aspect of any well written financial plan There are many complicated elements of insurance whether it is Life, Health or Home & Auto . Understanding these elements can be tricky, so it's essential that you have an understanding of your coverage and what is needed to protect your assets, property, and lifestyle.

At Optimized Financial Strategies we are committed to helping you find the balance of protecting yourself and not wasting too much money.

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Life insurance

Personal Life insurance is something you buy for someone else. While there are policies that provide cash value and in some cases provide loans for certain circumstances, the primary reason for the insurance is to protect the welfare of loved ones.

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Disability insurance

If we were to ask you what your most valuable asset was you might say your home or your business. It's a good response, but the truth depends on your age and your ability to earn an income between now and the time of your retirement. The two most overlooked and undervalued types of insurance are life and disability insurance. Not having Disability insurance is like having 1 /2 a health insurance plan.

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Long-term care insurance

The hardest thing is to watch your parents age as their bodies begin to fail. As a society we are living longer so the odds that our mind or body will fail before we die is high. Long term care insurance is coverage to address such a possibility and give you comfort to know that you do not have to be dependent on anyone else for care. It is the type of policy that should be considered before you reach the age of 60 as the cost are lower if purchased earlier.

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FAQs

What are the primary goals of life insurance?
- Protect your family in case of an early death
- Protect your family's assets from Estate tax, should your net worth surpass the Federal tax limits
All too often successful people find themselves in situation where an untimely terminal illness or accident causes a financial burden on their family. Having the right type of Life insurance as well as the correct amount is paramount to protecting your family.
What are two basic types of life insurance?

A Term Life policy is one that is set for a specific number of years generally 10 yrs 20 yrs or 30 year terms. The premium is level though out the term of the policy. These policies can be converted to permanent policies should there be a necessity.

A Permanent Life policy is just that, one designed to stay in force for the length of a person’s life. There are several types of permanent policies and we will discuss and evaluate which design best suites your family’s needs.
What does Disability Insurance provide funds for?

If you suffer a serious illness or accident that prevents you from working and generating an income you could jeopardize your entire net worth. Several years ago Harvard did a study on bankruptcy in America and found that over 54% of bankruptcies filed where a result of medical situations. More interesting, 75% of those who filed had health insurance prior to the medical condition. The issue was they were too sick or injured to work, so they could not afford to pay insurance premiums or purchase food or pay the mortgage. Purchasing disability insurance can be a bit tricky as you need to understand the benefits limitations based on your specific profession.

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Thank you for considering Optimized Financial Strategies as your partner in navigating the intricacies of wealth and prosperity. We look forward to the opportunity to serve you with unparalleled expertise and dedication.