Category: Insurance

People frequently request insurance quotes. With Insurance and Retirement Planning, there is much that must be known in advance to develop the right policy for the client. During our first meeting with the client, we ask questions to get to know them. Once we have an idea of the client’s needs, we conduct an Infogather. That is when we delve into the client’s information, including Assets & Liabilities and their financial goals. We develop an understanding of the client’s financial and insurance needs, then calculate their Financial Independence Number. This number indicates how much money they will need to retire with.

As a general rule, a person needs between 10X and 20X their annual salary to retire. When we calculate the Financial Independence Number, we will also show you how much you have to contribute per month to your Retirement Fund based on your Attained Age and your best-case and worst-case retirement age.

Now, for Insurance, there are different types. Additional criteria determine the type of Insurance and affect the cost of an Insurance Policy. After completing the Infogather at the first meeting and the conversation before it, we developed an idea of the client’s needs. Armed with this, we enter the next meeting to further discuss insurance options, clarify the client’s needs, and understand their price range. This allows us to create a number of Illustrations or a “Sample Policy” for the client. If the client approves the Illustration, we proceed to have the policy drawn up, reviewed, and signed.

Due to this process, it is not possible to provide an upfront quote for an Insurance Policy. Without the data required to build your policy, we can not determine the cost. It is the Financial Advisor’s role to select the policies that meet the client’s needs and expectations, at the best possible price.

If you are interested in getting a “Quote,” book an appointment today, and let’s sit down together and find the right policy or plan to meet your Retirement or Insurance needs.