Insurance Planning Risk management, or guarding against financial uncertainty, is a critical first step in sound financial planning. Ferguson Private Wealth Management provides families and businesses with many options for fixed and variable insurance products, including: Term Life Whole Life Variable Universal Life Survivorship Life Long Term Care Disability Why work with Ferguson Private Wealth Management for your insurance needs? The decisions of 'how much insurance' or 'what type of insurance' is right for you will be made within context of your overall financial and investment plans. We have the ability to work with over 40 insurance companies which allow us to offer clients the resources and tools best suited to their particular needs. Insurance Reviews We all know nothing ever stays the same yet when it comes to life insurance needs we rarely take the time to make sure our needs are in sync with our coverage. A simple review of your life insurance policies can provide you with the assurance you need. This process is similar to how you regularly review your investment portfolio tracking performance against your objectives. Now is a good time to review your life insurance policies for a number of reasons. What kind of changes have occurred in your life? Is there a new child? A different job? A promotion? Did you get married? Divorced? Did you take out a second mortgage or purchase a new home? When was the last time that you reviewed your beneficiaries? Do you have or need contingent beneficiaries? Is your spouse working? Who will pay for a caretaker for the young children in the event that your spouse passes away? What if one of you becomes disabled? Will there be enough funds available for your family to continue in the lifestyle that you currently have if someone dies or becomes disabled? It’s always better to have too much rather than too little. Are you ready for retirement? Am I paying too much? Has my health improved, or declined since I got my last policy. The cost of term insurance has changed over time and has become less expensive to purchase. Am I paying “old” rates? If these or other life events have occurred since you purchased your life insurance policy, now is the time for you to gain insight into your current life insurance needs. Call us today to schedule a private consultation and to begin the review process.