Insurance
You can't avoid all risks in life. Insurance is key for helping you preserve your assets and achieve your investment aims.
No rain, no flowers.
Sometimes the unexpected happens. Insurance can help protect against life-changing events. It can solidify the financial goals you have made, so you're not shaken by the ups and downs along the way. We recommend insurance as part of a investment plan so you can keep growing through any storm.
Types of Protection
Each type of coverage can help protect the key areas of your financial life: family, business, retirement, and legacy.
Life insurance helps protect the financial security of your family. Each type of life insurance is designed for a specific purpose; there is no “one size fits all.” We offer a wide selection of life insurance products, all from highly rated insurance companies, to help meet your unique needs. Life insurance falls into two main types:
- Term insurance covers a temporary season of your life, such as until your children are in college.
- Permanent insurance provides lifelong coverage. A key feature of many permanent policies is the ability for it to accumulate cash value. This, along with some tax benefits, can help create a source of supplemental income during retirement or provide funds for other needs such as long-term care. Permanent life insurance can also be a powerful tool when it comes to funding your legacy or charitable giving plans.
This insurance can help pay for the costs of long-term care, should you need it. Medicare doesn't pay the largest part of long-term care services or personal care—such as help with bathing or supervision—which makes this type of insurance extra important.
Long-Term Care Insurance provides a source of income tax-free funds to pay for these care needs, rather than having to dip into your retirement savings.
Disability insurance is designed to replace a portion of your income if you're unable to work because of a sickness or injury. Even if you could weather a temporary gap in earnings, an extended disability can be financially devastating. This insurance kicks in to protect your other goals, such as retirement and college planning.
How much coverage do I need?
When it comes to the amount of coverage needed to protect your goals, the “right” answer is unique to you. Factors such as age, who depends on you, and your income and assets, should be reviewed and considered.
We'll not only help you figure things out—we'll stick with you along the way: As major life events occur your coverage could and should change. We'll keep you on the right path through reviews.
Insurance products are offered through nonbank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies.
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