Financial planning is about more than planning for retirement or protecting yourself against risk – it is about making dreams come true.
I’m focused on helping you achieve freedom and choice at all stages of life. To do this, I use Freedom 55 Financial’s planning process, which is based on the four cornerstones of financial security. It is a process designed to help you:
- Better understand what financial security means to you by reviewing your current situation and defining goals.
- Identify and discuss any roadblocks to achieving your goals and analyse your situation.
- Identify any gaps and build a plan to help you achieve your short- and long-term goals and dreams.
- Review and monitor your financial plan regularly to help ensure it continues to meet your changing needs.
The four cornerstones of financial planning
A sound financial plan should protect you against uncontrollable events such as disabilities or death, while helping you plan for controllable events such as buying a new home and retiring comfortably. To do this, Freedom 55 Financial’s planning process is based on four cornerstones of financial security planning:
- Financial security at death
- Disability and critical illness
Your needs as an individual or business owner shift depending on your stage of life. I’ll consider the following when developing your financial security:
- Your most valuable asset is your ability to earn an income. Choosing the right combination of life and disability insurance products can help protect this income.
- If you have a mortgage or other large loan, term life insurance, disability insurance or critical illness insurance offers cost-effective ways to cover outstanding debt if you die, become disabled or suffer critical illness.
- If your employer doesn’t offer a group benefits plan, investing in additional health and dental insurance coverage may be one option to provide you with this protection.
- Once you have children, your needs change – it’s a good time to review your financial security plan.
- Plan for your children’s future through education saving solutions and a low-cost life insurance policy they can build on later.
- If you own your own business, insurance can help cover outstanding business loans or mortgages if you die or suffer from critical illness.
- A health and dental insurance plan may be tax-deductible as a business expense.
- People are a key resource for your business, and so we offer a variety of group insurance options.
- If you’re aged 50 or older, chances are you’ve either already retired or are thinking of retiring. Insurance can help supplement your retirement income, and help you leave a tax-free legacy.
- If your benefits end when you retire, we offer additional health and dental insurance coverage.