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A.T. Financial Newsletter
Spring at last! And what better
time to revisit your investments?
In many ways, your portfolio is
like a garden. You plant seeds
that you hope will grow, but over
time, some may prosper while
others wither. The key to
managing either is regular
maintenance, including replacing
non-performers with better
prospects.
Contact us soon for a portfolio review where we can weed out the investments that aren't meeting your needs and replace them with those that will bloom.
Contact us soon for a portfolio review where we can weed out the investments that aren't meeting your needs and replace them with those that will bloom.
FOCUS ON INSURANCE
Insured through work?
It may not be enough
It may not be enough
Odds are, your employer is not in the
insurance business. So why would
you trust something as important as your
family's security to your employer's group
insurance plan?
The reality is that there are a number of potential shortcomings to many employersponsored plans. The following are some of the most common.
Insufficient life coverage. Life insurance coverage is often tied to your base salary. For example, it might be one or two times that amount. Would that really be sufficient to protect your family if something were to happen to you?
Limited disability coverage. Disability coverage (if you have it at all) might provide benefits for only a short period of time or only if you are unable to work in any job, not your own occupation.
The reality is that there are a number of potential shortcomings to many employersponsored plans. The following are some of the most common.
Insufficient life coverage. Life insurance coverage is often tied to your base salary. For example, it might be one or two times that amount. Would that really be sufficient to protect your family if something were to happen to you?
Limited disability coverage. Disability coverage (if you have it at all) might provide benefits for only a short period of time or only if you are unable to work in any job, not your own occupation.
No protection from critical illness.
Outside of an executive compensation
package, critical illness protection is not
usually part of most employer-sponsored
plans.
Lack of portability. Regardless of the benefits you do have, should you leave your job, those benefits will stop and, by then, your ability to obtain insurance could be compromised.
No coverage for family members. Even if your plan offers sufficient coverage for you, it may not extend to your spouse or other family members. For most people, stand-alone policies, which protect you regardless of your employment situation, deliver the most value and the most peace of mind.
Lack of portability. Regardless of the benefits you do have, should you leave your job, those benefits will stop and, by then, your ability to obtain insurance could be compromised.
No coverage for family members. Even if your plan offers sufficient coverage for you, it may not extend to your spouse or other family members. For most people, stand-alone policies, which protect you regardless of your employment situation, deliver the most value and the most peace of mind.