We will only use your info to reply to your message.
If you were building a house, would you start with the roof, walls, or foundation?
The right sequence is obvious. When we plan our financial lives, there is also a proper sequence.
At Woolman Financial Group, we use an economic model. It is illustrates Protection, Savings, Growth, and Debt.
All three components are important—and we work with all three. But there is no question … protection is the foundation. Protection involves all the insurance areas: auto, home, liability, disability, medical, long term care, and life.
The Protection areas have to be right, because they can only be established before a claim occurs. Once an event happens—and a claim is possible—the protection cannot be increased.
For example, once a person becomes disabled it is no longer possible to add more disability insurance. A disabled person may make changes to her checking account, savings account, mutual funds, or even retirement plans. But it is too late to increase her disability income insurance! Expanding this further, it is also likely that a current disability would prevent the purchase of a new health insurance plan or additional life insurance.
We find that the Protection areas are least understood and utilized. People are often “sold” insurance products and have little understanding as to how to arrange these products correctly. At Woolman Financial Group, we show people how to maximize protection and minimize cost. We seek to increase protection areas ideally without any additional out-of-pocket outlay.
If you’d like to learn more, click here to contact us.