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What types of insurance do you believe are important for a financial plan, and why? (disability, ltc, etc)

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All can play a role. Term and permanent life insurance, Long Term Care, and Disability Insurance.

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Depends on the client

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You forgot auto, home and umbrella. I don't sell it, but I have reliable peers that can legally review and comment. You'd be shocked at the issues out there.

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By some long term care on your kids and grandkids too. Lol

likeuplifting

Can be - depends on the situation. It’s like a Roth IRA that you can have compounded year over year to pay for care - comes out tax free. Depending on the policy, you can get 100% cash back. It’s just a more efficient mouse trap than putting the funds in a brokerage or tax-deferred account and being taxed on the funds when you need them.

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All of it

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Agreed, a solid foundation to any plan would include disabily, life and LTC if necessary.

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Ive had 2 different clients in the past 2 months that both filed a claim and ended up being saved by disability insurance. Life insurance w accelerated DB so you can knock out 2 birds with one stone.

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Depends on the age and stage of the client, but if they are working, life and disability should always be discussed. LTC discussion is generally for ages 40+.

All!!!!!!!!

Is LTC really worth it?

I call insurance a protection strategy. We’re protecting against the unexpected events that could easily wreck the plan we have in place. Of course it depends on the client, but over age 50 I prefer permanent life with LTC or CI rider. Leverage the client’s money for a tax-free bucket of money to increase their net worth

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