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Managing risk with all aspect
We know that unplanned circumstances not only affect physical and emotional well-being, but they can also create a challenge to achieving your financial dreams and goals.
Insurance planning is to protect yourself, your family and loved ones, your home, your assets, or your business against unexpected events. The idea behind insurance is to get a group to contribute financially to a fund specifically designed to help individuals recover in the case of an unexpected loss. In this way, insurance eases financial burdens that can occur when disaster strikes. Due to which primary pillar of Financial Planning is Protection (Insurance) planning. It is the defensive measure for financial stability and provides ample peace of mind too.
Why Insurance Planning is important:
Insurance planning is a critical component of a comprehensive financial plan that includes evaluating risks and determining the proper insurance coverage to mitigate those risks. The principal goal of insurance planning is to identify and analyze risk factors in life and seek proper coverage to attain a peace of mind if disaster strikes.
Without proper planning, be it investment planning, retirement planning, or estate planning, you’ll likely not invest successfully, retire comfortably, or leave a meaningful legacy for your beneficiaries. Without a well-thought-out insurance plan, every one of those facets of a financial plan could be exposed to unforeseen risks.
Good planning helps you identify and plan for all the risks involved in every aspect of your financial life. Thoughtful insurance planning helps mitigate the risks you can’t foresee or those that you are unable to plan around. Managing life’s risks is a key part of our process. While financial planning focuses on building your wealth, insurance or risk management emphasizes strategies to preserve it. This means the most cost-effective solutions to address various eventualities, including death of a loved one, the need for long-term care or the event of a disability.
How we can help you:
How we can help you:
At Maruti Wealth, here’s what we do for you as part of our Insurance Planning service:
Comprehensive review
Comprehensive review
We will examine what areas of your finances and personal goals are at risk, and review existing plans, if you have them, to ensure they continue to fit your needs. We then advise and guide you on which risk areas you are most exposed to and suggest the appropriate actions to take.
Life Insurance / Death-event security
Life Insurance / 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 suit your needs and budget.
Retirement income through annuities:
Retirement income through annuities:
Sometimes the best way to guarantee retirement income is the simplest – annuities. These products vary in terms of pay-out options and conditions, and we will help you make sense of it all.
Disability and long-term care protection
Disability and long-term care protection
Accidents, at home, at work, during your travel, can leave you severely disabled and financially stressed, as can debilitating illness. We’ll help you insure against such unexpected turn of events. This includes taking a close look at what employee benefits you have in these areas.
General Insurance
General 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 vehicle and other assets will determine what insurance, and how much of it, you should obtain. We have independent strategic partners who can help you are properly insured for your needs.
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