The Role of Insurance in a Financial Plan
Managing the risks that can threaten your financial well-being is every bit as important as saving and investing toward your goals. And that’s the role of insurance in a financial plan.
Insurance is a provision for the unexpected events that, if not prepared for, could hinder the pursuit of your goals. Like a careless driver who broadsides your car. A disability that prevents you from working. An extended stay in an assisted living facility. Even the death of a loved one.
Being properly insured is not only a wise financial decision, but a responsible personal act that provides you and those who depend on you with a genuine sense of security.
First Command offers a wide array of insurance products to meet a wide array of needs, including:
- Life insurance to support your survivors’ financial needs in the event of your death
- Property/casualty insurance to protect your investment in your home, auto and other personal property, plus liability coverage that can help protect your assets in the event of a lawsuit or judgment against you
- Disability income insurance to help replace income, should you be unable to work
- Long-term care insurance to help pay for assistance with activities of daily living for an extended period of time
But that’s not all. As part of a comprehensive financial plan, your First Command Financial Advisor can help you develop an effective insurance strategy to protect your assets and provide for the financial security of your loved ones. To learn more, contact a trusted First Command Financial Advisor today.