On the other side of the coin, few things will attack your investment returns more insidiously than paying too much for insurance, or worse, paying for insurance you don’t need. From college education to retirement to estate planning, the Compak wealth management process can help offer the solutions necessary for financial peace of mind.
Assume (Self - Insure)
Keep the risk, in whole or in part. Increase the deductible on your auto insurance policy.
Shift the risk to an insurance company. Purchase disability insurance to protect your income.
Don’t take on the risk. Don’t put a swimming pool in your yard.
Lower the probable loss frequency or severity. Install burglar-proof windows or a fire sprinkler system
Creating a life insurance plan for your family can be confusing and frustrating. Your Compak representative can help you avoid the potential problems and design a custom plan that fits your needs and budget. We can help you understand the benefits and features of numerous life insurance options. Working together, we can create precisely the kind of life insurance plan you need and can afford.
There is a growing awareness in our society of the need for both long-term care services and benefits. This is due to a number of trends such as longer life expectancies, constantly increasing health costs, and limits to the benefits provided by traditional insurance products and government programs.
While most Americans insure their lives and physical possessions such as homes and cars, many overlook the need to protect their most valuable asset – their ability to earn an income. When disability strikes, not only does the income ability decline dramatically, but the cost of living may also increase due to increased medical and care expenses.