Buying Life Insurance Woodstock Georiga Call (770) 285-7044

Buying insurance – either life insurance or disability insurance – from a traditional insurance broker may be risky. You see, typically when the traditional life insurance agent pitches their policies the only thing they’ll consider is your current income. “So”, Mr. or Ms. Prospect, “based on the fact that you earn X amount of income you should have Y amount of insurance coverage.” While your employment income should be a factor in calculating how much insurance coverage you might require, very often is it shouldn’t be the SOLE factor. Other factors might include investment portfolio income, business earnings, child support income, and alimony, just to name a few of these other factors. Your insurance needs should be derived from your ENTIRE financial reality, not just your income. So where can you turn to for this comprehensive evaluation? For a fact a CFP can be in a position to do this total financial analysis and advise you about appropriate levels of insurance coverages. But with a fee-basis financial planner, this might be overkill and, cost-wise, not practical for many individuals. So where can you turn to for this kind of overall review? One source many people perhaps might not have considered is a CPA. It’s true that most people think of their CPA in light of taxes but that person is in a unique position to know and understand the breadth and depth of your individual financial picture. And more and more CPA practices are realizing the great benefit they can provide their clients through offering insurance products, that being capable of offering recommendations on the specific products and amounts of coverage based on the client’s actual situation and not just based the agent’s need to make a sale. We invite you to call us at the phone on your screen if you would like an insurance analysis based on your total financial situation. Even if you have used another accountant or tax preparation service we can generally provide you an accurate recommendation just from a review of your past tax filings. So give us a call right now and let’s review your insurance coverages – what you have right now and what, if anything, you might need to add to your insurance portfolio.