Purchasing Insurance in Woodstock Georiga (770) 285-7044

Buying insurance – either life insurance or disability insurance – from a regular insurance agent might be risky. You see, very often when the traditional life insurance broker pitches their policies the only factor they will take into account is your current earnings. “So”, Mr. or Ms. Customer, “because you earn X amount of income annually you ought to purchase Y amount of insurance .” While your income must be one criteria in calculating the amount of insurance coverage you might require, very often is it should not be the SOLE criterion. Other factors may include investment income, business earnings, child support income, and alimony, just to name a few . Your insurance requirements should take into account your ENTIRE financial situation, not just your income. So where can you turn to for this evaluation? For a fact a CFP can have the information to do this comprehensive financial analysis and lay out for you about recommended levels of insurance coverages. But with a fee-basis financial consultant, this might be overkill and, cost-wise, impractical for many individuals. So where can you find this kind of comprehensive review? One place you perhaps might not have thought about 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 the breadth and depth of your individual monetary situation. And increasingly CPA practices are coming to understand the great benefit they can provide their clients by offering insurance products, that being able to offer guidance on the products and amounts of coverage that are based on the client’s actual situation and not just based the agent’s need to sell something. We invite you to contact us at the number on your screen if you would like a complete insurance review based on your total financial situation. Even if you have used another accountant or tax preparation service we can in most cases give you an accurate recommendation from reviewing your past tax filings. So call us today and let’s review your insurance coverages – what you have right now and what, if anything, you might need to add to your portfolio.