Protect Your Family's Future
As independent advisors working in your best interest, Plancorp is an invaluable third party to evaluate your insurance coverages and make recommendations and introductions to make sure you and your loved ones are protected. Our insurance planning can uncover and fix coverage gaps (or costly over-coverage) including life, disability, property and casualty, and more to make sure you have comprehensive coverage.
Our insurance planning process includes:
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Collaboration with your insurance agent or brokerage to evaluate existing coverage
- Implementing necessary changes in your coverage to support your goals
Current Coverage
We get it, it's hard to know who to trust when it comes to making insurance decisions. Our insurance planning process begins with reviewing the coverage you already have in place. Is it comprehensive enough? Are the deductibles and coverage limits prudent? We’ll make sure.
Because we are independent advisors, you never have to worry about us making a recommendation to receive a kickback or compensation of any kind.
Additional Protections
If there are any glaring gaps in your insurance protections, we’ll recommend how to make it right and connect you with our preferred partners to find optimal policies for you.
You'd be surprised how many clients come to us with a gap for things like disability or long-term care that can put your plan at unnecessary risk. We'll help you plan for the unexpected so your goals can become a reality.
Coverage Optimization
Just as common, if not more, than a gap in your coverage is being overinsured. Over time you may accumulate competing coverages for things like whole life insurance that can actually put you at risk of companies spending more time deflecting to other plans than paying out what you're due.
We’ll review your policies to make sure you’re paying the right price for the right coverage, and have a plan to evaluate that over time as your life and needs change.
If your advisor isn't open to discussing insurance or only recommends coverage they earn a commission on, consider partnering with Plancorp.
Insurance Planning
From Overlooked Risk to Financial Lifeline
A healthy married couple in their 40s was lacking life insurance coverage in the peak earning years of their career when they became Plancorp clients. The husband then became terminally ill and was unable to work for several years.
The clients hadn’t worried about life insurance in the past due to their healthy lifestyles. But when everything went wrong, they depleted their savings, including their retirement accounts, to fund living expenses.
Because they chose to partner with a financial advisor who offered comprehensive services, a valuable term life insurance policy was in place at the time of the husband’s passing, giving his surviving wife the assets she needed to rebuild her finances.
Not Ready to Commit? No Problem.
We know this is a big decision. Download our New Client Guide to learn more about what it's like to be a Plancorp client before you speak with an advisor. From our integrated services to a breakdown of our trusted fee-only model, we're an open book.
