What is…?

Elder Insurance PlanningElder Insurance Planning is the process of synchronizing and complimenting your current insurance plans with your Estate Plan, optimizing your protection and your estate against the costs of long term care, disability and estate tax. The objective is to utilize insurance programs that benefit you and your estate, ultimately minimizing your financial exposure and maximizing insurance opportunities, both private and public.  The focus of elder insurance planning is to provide you with the programs you need to age with dignity and control while also knowing that you are protecting your estate for your family and heirs. This is generally done with the supervision of your attorney and tax advisor and is coordinated with your estate and tax plans. Please reference, “Team Planning Your retirement and Your Estate.”


Estate Planning PlanningEstate Insurance Planning is the process of organizing and implementing your insurance plans according to your Estate Plan. By utilizing insurance programs, your income and estate can be protected from the expenses of long term care , disabilities young or old, and estate tax upon death. These programs are generally put in place to protect you and your family from utilizing your estate’s assets during financial crisis, keeping your family and heirs financially safe. Based on your age, often times when retired, Estate Planning and Elder Insurance Planning work together. Estate insurance planning is generally supervised by an estate planning attorney and often times a CPA.  Please reference, “Team Planning Your retirement and Your Estate.”


Retirement PlanningRetirement Planning is the process of organizing your incomes, your expenses, and your assets, to determine a base line that establishes a desired standard of living for retirement. Coordinating income programs that are  provided by insurance companies ensure that you will not run out of money during retirement. By securing your income to offset your expenses, you will have a sense of comfort knowing that you can meet your obligations while also enjoying your accumulated assets. Organizing your health and prescription insurance, as well as reviewing your current insurance programs, is also a part of retirement planning. Managing your incomes to minimize your tax obligations is considered when planning for retirement If you have a business, a succession plan should be established. Coordinating these plans with your estate plan is generally recommended, if they are not already in place. Please reference, “Team Planning Your retirement and Your Estate.”