Insurance – an integral part of your 2017 financial plan

2017 is here and with it come your New Year’s Resolutions. From setting a new workout plan, to eating healthier and re-looking at your expenses, now is also a great time to also look at your Financial Plan. As the years go by, our circumstances evolve and change. What made sense in 2015 and 2016 may no longer make sense this year. Meeting with your financial advisor is highly recommended as you go through this process. They can help you understand the different mechanisms you can leverage for better planning and also help you navigate the process. When looking at your finances, one must not forget one of the most important elements of family and income protection commonly found in Insurance products. Proper Insurance coverage is a very important security blanket you can and should setup for yourself and your family and should be an integral part of any financial plan.

Here are a few important questions to ask yourself as you go through your personal or family insurance coverage: Are your parents still in good health? Have you had any changes to your health in the past year? Have you had any changes to your marital status? Have you had more children? Have you set aside educational funds for your children? These are all questions that can arise during your advisor meetings, and things that can greatly impact the kind of insurance products you need.

Proper and adequate insurance coverage can work to ensure that you can manage the many surprises life may throw your way. A licensed insurance advisor can help provide you with insurance products that serve to protect you and your family based on your specific needs.

If you’re a business owner, insurance can be a unique and effective way to protect you and your business. From Buy-Sell Insurance to Key-Man Insurance, there are plenty of options available, and your advisor can help you choose what’s right for you and your business.

Lastly, insurance should be worked into your 2017 financial plan as a wealth management tool. Since insurance can be used to ensure that your estate is properly protected and transitioned to beneficiaries in the manner you’d like it to be, insurance can be extremely valuable in Wealth Preservation and Estate Planning.

To setup an appointment with an Insurance Advisor that can tailor your 2017 financial plan to your unique needs, contact Independent Financial Concepts Group at (416) 849-1653, or visit our website at


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