Insurance
If there’s one thing certain about life – it’s the uncertainty that living it brings. The best laid plans can sometimes come to naught! Even though you may think you’ve covered all the bases, life sometimes has a funny way of throwing you a curveball when you least expect it. Luckily, while you can strive your best to plan wisely and thoroughly, you can also hedge your bets against the unintended through prudent Insurance Planning.
Why Insurance Planning Matters
Without proper planning—whether Investment Planning, Retirement Planning, or Estate Planning—your long-term goals can be vulnerable. Insurance Planning serves as a stabilizing force, helping protect every area of your financial life from unexpected loss.
A thoughtful Insurance Plan helps identify and mitigate risks you can’t anticipate and those you can’t afford to navigate on your own.
What We Can Do for You
They say some things are better to have before the need arises—even if they are never used. Insurance is one of those things. Rather than viewing insurance as an “expense,” many experience it as confidence: a safeguard that supports their financial strategy.
Our Insurance Planning service covers:
Comprehensive Review: We’ll review existing plans, if you have them, to ensure they continue to fit your needs. But if you don’t have an insurance plan, we’re here to advise and guide you on which plans make best sense for you and your family.
Home, Car and other asset insurance: It is our belief that you shouldn’t over-insure, but you should never un-insure or under-insure either. The type (and value) of your home, car and other assets will determine what insurance, and how much of it, you should buy.
Death-event security: If you have people that depend upon you being around for many years to come, like your spouse/partner, minor children, aged parents, we’ll advise on what life insurance policies best meet your needs.
Retirement income through annuities: Sometimes, the best way to guarantee retirement income is the simplest – Annuities. Of course, these products vary in terms and pay-out options and conditions. Our experts will help make sense of it all!
Critical illness protection: You may be in the best of health now, but illness has a way of sneaking up on the fittest amongst us. Let us help you determine if you need to insure against a critical illness and, if so, under what terms.
Disability and long-term care protection: Accidents, at home, at work, during your commute, can leave you severely disabled and financially stressed. As can debilitating illness! We’ll help you insure against such unexpected turn of events.
Travel insurance: Sometimes, even the safest of travel plans can turn into nightmares. Whether it’s an illness or accident overseas, a missed flight, lost baggage or natural disasters that interrupt your plans – if you are insured, you’ll likely be less stressed about dealing with the consequences.
Health, dental and wellness insurance: With family and personal medical care becoming more expensive by the day, it may be prudent to cover yourself and your family through appropriate health insurance plans.
Funding children’s education: Even though your children are of tender age, sometimes insuring their lives may make good sense in the long-term, especially in helping to pay for college or university. Paying just a few hundred dollars a month in premiums now, could result in a windfall payment by the time your child is of college or university-going age. We’ll help you decide if this is a good option for you by doing the math!
Insuring estate and succession plans: When structured correctly, insurance can be a great estate planning tool as well, especially when it comes to shielding your beneficiaries from paying taxes or fees on their inheritance. Partners in business may also use insurance policies as a great financial tool to aid in succession planning. We’ll help you structure an insurance plan that makes sense for your needs.
Contact us today to learn more about insurance planning.
*The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a strategy involving life insurance, it would be prudent to make sure that you are insurable by having the policy approved. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. In addition, if a policy is surrendered prematurely, there may be surrender charges and income tax implications.
Get Started
Contact Ascent Advisors to learn more about building a secure and well-structured Insurance Plan.
Core Areas of Insurance Planning
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Insuring your family’s and business’s stability
Life insurance provides critical financial support to the people who depend on you. Proceeds can help cover funeral costs, eliminate debt, fund ongoing living expenses, support business continuity, and secure retirement needs for your spouse.
We help you understand and compare policy types:
Term Life Insurance: Affordable, time-specific protection (10–30 years). Fixed payments and straightforward benefits. Ideal for families and those seeking budget-friendly coverage.
Whole Life Insurance: Permanent coverage with fixed premiums and cash-value accumulation that grows tax-deferred.
Universal Life Insurance: Permanent coverage with flexible premiums and adjustable death benefits for evolving needs.
Life insurance also supports:
Death-event financial support
Tax-advantaged benefit transfers (according to current laws)
Estate planning strategies, including trusts and legacy protection
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Planning for extended care needs
Long-term care isn’t just nursing homes—it’s any situation where someone can no longer care for themselves for an extended period. Approximately 70% of Americans will need some form of long-term care in their lifetime.
Long-term care needs may result from:
Advanced aging
Accidents
Illness
Stroke or injury
Relying solely on government programs often requires impoverishment. Relying on family can create emotional and financial strain.
Long-Term Care Insurance:
Helps cover the cost of care at home, in assisted living, or in other facilities
Protects investments and savings from being rapidly depleted
Supports your family by lifting the financial burden of care
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Protecting the income that supports everything else
People insure homes and vehicles—but often overlook their most essential asset: their income. If injury or illness prevents you from working, disability insurance helps bridge the gap.
Disability Insurance helps:
Replace a portion of income while you recover
Support essential monthly bills
Maintain retirement saving
Protect business operations
Types of Disability Coverage:
Short-Term Disability: Replaces ~60–70% of income for several months up to a year
Long-Term Disability: Coverage may continue for the duration of the disability or a designated benefit period at ~40–60% of income
For businesses, disability insurance can:
Reimburse fixed business expenses
Fund a buyout of a disabled owner
Offset the financial loss of a key employee
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Home, Auto & Asset Insurance
Ensure you are not over-insured or under-insured. Coverage levels should reflect the value of your home, vehicles, and other property.
Retirement Income Through Annuities
Annuities can offer predictable retirement income. We help you evaluate types, terms, and payout structures.
Critical Illness Protection
Coverage for conditions such as cancer, stroke, or heart attack—helping you manage unexpected medical and lifestyle adjustments.
Travel Insurance
Support for medical emergencies, lost baggage, missed flights, or disrupted travel plans.
Health, Dental & Wellness Insurance
Ensure rising medical costs do not undermine your long-term goals.
Education Funding Strategies
Some insurance policies can build long-term value for education expenses.
Estate & Succession Planning
Insurance can support tax-efficient inheritance strategies and business continuity.
Important
Considerations
Life insurance cost and availability depend on factors such as age, health, and policy type. Policies include expenses such as mortality and administrative charges. Surrendering a policy prematurely may result in fees or tax implications.
