Life Insurance Planning Services
Harbor Lights Financial Group’s life insurance planning services offer clients a commitment to the sound advice & strategy necessary. And because we have no obligation to sell any specific financial or insurance product, you can trust that we will only recommend those best-suited investments to our client.
What is Life Insurance Planning?
The question we often ask about life insurance is, “how much do I need?” But, it isn’t necessarily “how much life insurance” so much as it is “how much money will remaining family members need after we’re gone?” Harbor Lights Financial Group can help to make the correct assessment, as well as those important insurance planning decisions necessary to protect loved ones.
Some costs that might need careful consideration include the following:
– Burial: While a smaller part of an overall plan, it should be considered. To be cremated, for instance, is less than having a full burial. The average funeral with a burial can be $10,000 or more, so it’s a necessary item to plan for!
– Age-related: When one is 32 with two young kids and a mortgage, the immediate plan should be for a larger insurance policy. As opposed to planning at age 50 with kids off making their own living and a mortgage debt near to, if not completely, paid down.
– Debt-related: As per the above, where does the mortgage stand? What debts are required to be paid by the estate at the time of death, and what are not? A mortgage might have to be paid by the estate, whereas a college loan might not have any such requirement.
– Family: How many kids? How old are they, and what do you intend to leave them are certainly life insurance planning questions. Is there a plan to fund college for the kids? What about funding college for the next generation of grandkids? What does your spouse need to maintain the lifestyle you left her with?
And who knows, maybe a life insurance plan that adapts to evolving financial circumstances is in order. Financial situations are unique; there is a lot to consider, and we can certainly help to plan for all of them.
Why Harbor Lights Financial Group For Life Insurance Planning?
In the early 1990s, Harbor Lights Financial Group was founded to offer strategies for our client’s most demanding life problems through sound financial advice and care. We offer our expertise to local Manasquan, Wall, and surrounding NJ community investors. Services may include wealth management, retirement planning, estate planning, philanthropic planning, executive planning, business exit planning or planning for business executives, and much more!
We are also a team of advisors and CERTIFIED FINANCIAL PLANNERS™ (see below) — professionals who help people like you with customized strategies designed to enhance and/or preserve your assets for retirement. We work to realize your financial goals, empowering you to enjoy the freedom that brings.
Trust services are available through banking and trust affiliates in addition to non-affiliated companies of Wells Fargo Advisors. Wells Fargo Advisors and its affiliates do not provide legal or tax advice. Any estate plan should be reviewed by an attorney who specializes in estate planning and is licensed to practice law in your state.
Insurance products are offered through nonbank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies.
If you have any questions, please get in touch with Us Today!