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Life Insurance Quotes
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Risk Management

We all face risk every day, but the risks you face in retirement are some of the most significant ones you will ever confront.  It's not possible to avoid all of these potential pitfalls, such as market fluctuations, taxes and inflation.  But a sound financial plan will include risk management as a key component, to help you minimize your exposure to these factors.

We can help you put together a plan for predictable, reliable, sustainable, inflation adjusted income in your retirement, but we don't stop there.  We put strategies in place to help protect against a hit to your "financial blind spot", the threats that could prevent you from enjoying a successful retirement.  For example, is your plan vulnerable to a prolonged illness or early death of a spouse?  Do you know your options to protect your retirement income from potential future risks?

To put these risks in context, think of the "challenges" to your retirement income- taxation, inflation, market risk -as possible "holes in a bucket".  And we've worked to plug those holes with your plan.  But if we do not address issues like illness, accident, or the death of a spouse or partner, it could be much more of a leak in your bucket, it could be the entire bottom falling out!

We can help you mitigate potential risks because we do not want to see all the work put into your retirement undone by unforeseen circumstances.

As you continue to develop your financial strategy, risk management should play a starring role.  We will help you analyze your entire financial plan to help ensure that your dreams are well protected.

Life Changes. So Should Your Policy

As your life changes, your life insurance coverage may need to change in order to adapt to your current needs. Some life transformations that may require a policy “tune-up” include:

  • You recently married or divorced
  • You have a new child or grandchild
  • You have opened or expanded a business
  • Your health or your spouse’s health has deteriorated
  • You are providing care or financial assistance to a parent
  • Your child or grandchild requires assistance or long-term care
  • You recently purchased a new home
  • You are planning for a child or grandchild’s education
  • You are concerned about retirement income
  • You have refinanced your home mortgage in the past six months
  • You or your spouse recently received an inheritance
  • You have a sizable estate

What You Need to Know

Clark Financial Partners can help you select the best life insurance coverage for your needs. There are several different types of life insurance products available – the most common include:

  • Term Life Insurance

    Term life insurance provides protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It’s generally less expensive than permanent (whole) life insurance, and is available in varying time periods with fixed premiums from a one year (annual renewable term) to 20-year (level term) period.

    Furthermore, term life insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.

  • Whole Life Insurance

    Whole life insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance can be an investment opportunity, as many whole life insurance policies also build cash value over time.

  • Universal Life Insurance

    Universal life is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to fall below a certain percentage.

What type of life insurance is best for you? Talk with the team at Clark Financial Partners. We can assist in identifying the best protection for you.

Advantages of Life Insurance

Having the right life insurance is essential to planning for your present and your future. Not only can life insurance provide assurance for your family after you are gone, many life insurance options offer other benefits and investment opportunities you can take advantage of while you are living.

Life Insurance Death Benefit - When you pass away, your life insurance provides income (tax-free) to your named beneficiary or beneficiaries that can be used to pay funeral expenses, debt, tuition, estate taxes, or virtually any financial need. Your policy can help provide security for your business as well, by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

Living Benefits - The cash value growth of a permanent (whole) life insurance policy is tax-deferred, meaning you do not pay taxes on the growth of cash value, unless money is withdrawn. Loans or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.

The right life insurance coverage is as unique as you are. Talk with the Clark Financial Partners team today to find out how to protect your family and your future with the right life insurance.