Insurance Solutions

At Saorsa Wealth Management LLC, Insurance Planning is an essential part of a comprehensive financial strategy, designed to protect clients and their families. By assessing individual needs and goals, Saorsa helps clients implement the right insurance solutions for their financial future.

Key Components of Insurance Planning at Saorsa Wealth Management:

 

1. Life Insurance

  • Protection for Loved Ones: Life insurance is crucial for providing financial security to a client's family in the event of their passing. Saorsa helps clients determine the right coverage based on their income, debts, family size, and future goals.
  • Term and Permanent Policies: Saorsa advises clients on choosing between term life insurance, which provides coverage for a specific period, and permanent life insurance, which offers lifelong protection and may also build cash value.

2. Disability Insurance

  • Income Protection: Saorsa emphasizes the importance of disability insurance to protect clients in case they become unable to work due to illness or injury. Disability coverage can replace a portion of the client's income.
  • Short- and Long-Term Disability: The firm assesses whether short-term or long-term disability insurance, or both, is appropriate based on the client's needs and occupation.

3. Health Insurance

  • Comprehensive Health Coverage: Saorsa helps clients evaluate health insurance, and its coverage options, whether through employer-sponsored plans, private insurance, or Medicare.
  • Navigating Medicare: For clients approaching retirement, Saorsa provides guidance on Medicare enrollment, supplement plans, and managing healthcare expenses in retirement.

4. Long-Term Care Insurance

  • Protecting Against Extended Care Costs: Long-term care insurance covers expenses for services such as nursing homes, in-home care, and assisted living facilities. Saorsa helps clients evaluate their potential need for long-term care insurance, especially as part of retirement planning.
  • Customizing Policies: The firm assists in selecting policies that provide the right level of coverage, based on health history, age, and family medical history, while considering the potential for rising healthcare costs.

5. Property and Casualty Insurance

  • Homeowners and Auto Insurance: Saorsa works with clients to determine adequate protection for their personal property, including homes, cars, and other assets, through homeowners and auto insurance policies.
  • Liability Protection: The firm advises on liability insurance to protect clients from legal and financial exposure in the event of accidents or property damage claims.

6. Umbrella Insurance

  • Additional Liability Protection: For clients with substantial assets, Saorsa advises clients on the need for umbrella insurance policies that provide extra liability coverage beyond the limits of standard homeowners, auto, or other personal insurance policies. This helps protect wealth from unforeseen legal risks.

7. Business Insurance

  • Protecting Business Owners: For clients who own businesses, Saorsa offers guidance on business insurance policies, including general liability, property, and workers' compensation insurance.
  • Key Person Insurance: The firm also helps business owners secure key person insurance to protect against the financial impact of losing an essential team member.

8. Insurance as Part of Estate Planning

  • Wealth Transfer: Saorsa integrates insurance planning with estate planning to ensure that life insurance policies can be used to pay estate taxes, provide liquidity to heirs, or fund charitable giving strategies.

9. Insurance Reviews

  • Updating Coverage: Saorsa reviews clients' insurance policies to ensure that coverage remains appropriate as their financial circumstances and family needs evolve.
  • Adapting to Life Changes: Whether it's a marriage, the birth of a child, or the purchase of a new home, Saorsa makes necessary adjustments to ensure that insurance coverage remains comprehensive and up to date.

By offering a full range of insurance planning services, Saorsa Wealth Management ensures that clients have the protection they need for themselves, their families, and their assets, giving them peace of mind in an unpredictable world.

 

Neither Momentum Independent Network Inc. nor its representatives offer tax advice or legal advice. This material is not intended to replace the advice of a qualified tax professional or any other professional. Before making any financial commitment, consult with your professionals.