Here are the key considerations when reviewing your insurance needs:
- Disability Insurance. Does my employer have an income replacement plan if I get sick or injured and I can't work? Am I covered ... for what and for how long? Can I get disability coverage that I can afford? Should my spouse also have coverage?
- Life Insurance. What is the best way to determine if I need life insurance? If I do need it, how much should I buy? What about my spouse and children? Should I buy the type that only pays a death benefit or one where my cash grows and is available to me? Does it make sense to get it through my employer?
- Medical Insurance. How can I tell which type of medical plan is best for me? Should I choose coverage under my employer's plan or my spouse's plan? How can I keep my medical out-of-pocket expenses as low as possible?
- Other Types of Insurance. How do I make the right coverage choices for automobile insurance coverage? What about homeowner's insurance? Do I need an umbrella policy? Should I consider purchasing Long-Term Care insurance?
- Prioritizing Insurance Needs. What if I can't afford as much insurance as I need? How do I prioritize the different types of insurance?
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Franklin Mint Federal Credit Union and Mint Wealth Advisors are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Mint Wealth Advisors, and may also be employees of Franklin Mint Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Franklin Mint Federal Credit Union or Mint Wealth Advisors. Securities and insurance offered through LPL or its affiliates are:
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Financial Learning Center content created by TrueBridge, Inc. The information provided is based upon sources and data believed to be accurate and reliable. The content contained herein is intended for information and illustrative purposes only, should not in any way be construed as a personal recommendation, and should be used in conjunction with individual professional advice.
