Insurance

Insurance is an important aspect of any well written financial plan There are many complicated elements of insurance whether it is Life, Health or Home & Auto . Understanding these elements can be tricky, so it's essential that you have an understanding of your coverage and what is needed to protect your assets, property, and lifestyle.

At Optimized Financial Strategies we are committed to helping you find the balance of protecting yourself and not wasting too much money.

Life insurance

Personal Life insurance is something you buy for someone else. While there are policies that provide cash value and in some cases provide loans for certain circumstances, the primary reason for the insurance is to protect the welfare of loved ones.

Disability insurance

If we were to ask you what your most valuable asset was you might say your home or your business. It's a good response, but the truth depends on your age and your ability to earn an income between now and the time of your retirement. The two most overlooked and undervalued types of insurance are life and disability insurance. Not having Disability insurance is like having 1 /2 a health insurance plan.

Long-term care insurance

The hardest thing is to watch your parents age as their bodies begin to fail. As a society we are living longer so the odds that our mind or body will fail before we die is high. Long term care insurance is coverage to address such a possibility and give you comfort to know that you do not have to be dependent on anyone else for care. It is the type of policy that should be considered before you reach the age of 60 as the cost are lower if purchased earlier.