Protection Planning is sometimes one of the most overlooked parts of someone’s financial plan. It may not be as exciting as growing wealth and accumulating money and assets, but it is just as important and necessary. What is Protection Planning though? There are multiple aspects involved. Some people need all of them, while others only need one or two. Protection Planning is developing a strategy, or strategies, to mitigate or to ideally, totally avoid risks that could force you to use the wealth that you have grown in ways that you didn’t intend and/or don’t want to. Those risks, among many, are living longer, shorter, or in a diminished capacity, a volatile or extended down market, creditors, liabilities, and unforeseen life changes such as divorce, deaths of loved ones, job loss/change, etc. There are many changes that occur during one’s life, some are in our control, and some are obviously not.
Our role at Majestic Financial is to know you and your situation, both financial and otherwise, to develop a comprehensive financial plan that includes protecting you, your loved ones, and your resources from these things. We use multiple tools to accomplish this. Some are more common than others, but we have a broad array of solutions to tailor a plan for exactly what you need. Whether it’s a conversation about the appropriate amount of life insurance to have in case of an untimely death, determining when does an annuity with a guaranteed lifetime income benefit makes sense or deciding to consult with your estate attorney regarding how your financial plan should partner with your estate plan in the most efficient and effective manner, we can help. Please reach out to (269) 443-2160 to learn more, because as the saying goes, you don’t know what you don’t know, and that could be putting you, your loved ones, and your resources at unnecessary risk.
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Investment advisory services offered through Raymond James Financial Services Advisors, Inc.. Majestic Financial is not a registered broker/dealer and is independent of Raymond James Financial Services.