Insurance is an important element of any sound financial plan. Different kinds of insurance help protect you and your loved ones in different ways against the cost of accidents, illness, disability, and death. Most people want the maximum protection for the least cost.
The primary role of insurance is to fully replace the item being insured by maintaining coverage equal to that item’s complete appraised value. You want to replace the whole house, the entire car, the real ring and the full economic or “human life value”.
If an event occurs that could have been insured and it wasn’t, you can’t go back and apply for insurance to cover what just happened. If your insurance coverage isn’t just the way you want it prior to an event, you may have a future problem. Now is the time to review all your insurance to make sure your coverages are coordinated and integrated and you are not paying for coverage you do not want or need.
At RGV Retirement Solutions LLC, we will inventory all of your insurance coverages and work with your current advisors to coordinate and integrate your coverages.
Remember, protection should be the FIRST financial consideration. You need to be properly protected against what might happen today BEFORE you focus on plans that will build your tomorrows.