Insurance Planning

Life is unpredictable, but your family's financial security doesn't have to be. At Strive Financial, our insurance planning services help you build a comprehensive protection strategy that shields your loved ones from life's uncertainties, providing peace of mind knowing they're safeguarded against the unexpected.

Insurance planning is about more than just buying policies—it's about understanding your unique risks and creating a coordinated protection strategy that fills gaps without overpaying for unnecessary coverage. We take a holistic view of your situation, considering your assets, income, debts, dependents, and long-term goals to determine what protection makes sense.

Risk assessment forms the foundation of effective insurance planning. We analyze potential threats to your financial security: What happens if you or your spouse passes away prematurely? What if disability prevents you from working? How would a major liability claim impact your wealth? Could long-term care expenses deplete your retirement savings? By identifying these vulnerabilities, we can prioritize protection where it matters most.

Coverage selection involves matching appropriate insurance solutions to your identified risks. This might include term or permanent life insurance to replace income and cover debts, disability insurance to protect your earning power, umbrella liability policies to shield assets from lawsuits, and long-term care insurance to preserve wealth against healthcare costs.

Policy review and management ensure your protection evolves with your life. As your circumstances change—growing family, increasing income, accumulating assets—your insurance needs change too. We regularly review your coverage, comparing policies across providers to ensure you're getting optimal protection at competitive rates, adjusting as needed to keep your family continuously protected throughout life's journey.

Frequently Asked Questions

  • Because protecting your income and assets is the foundation of a strong financial plan. It ensures that unexpected events don’t derail your long-term goals. 

  • Short-term covers the first few months of lost income. Long-term kicks in afterward, often lasting until retirement age. 

  • It helps pay for care if you can no longer perform daily activities on your own — whether at home, in assisted living, or in a nursing facility. 

  • Umbrella insurance provides extra liability protection beyond your auto and homeowners policies — often at a low cost. 

  • Life insurance provides a lump-sum payment (the death benefit) to your beneficiaries if you pass away while the policy is active. In exchange, you pay regular premiums to keep it in force.