How To Better Understand The Different Types of Insurance- Health, Life, Disability & Long Term Care

#Insurance is something you don’t want to deal with or have till you need it, and then you’re happy you do! Better understand the different types of insurances you should know about in this video!
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There are probably more questions now about Health Insurance
than there has ever been.

Blue Dot Wealth Management has the resources to put our clients in contact with trusted people who are experts in this field.

Health Care is an important part of the Retirement Planning process. The average retiree today will spend 0,000 over the course of their retirement on health care expenses not covered by Medicare or Medicaid. We want to make sure clients are as prepared as possible for this.

Next is Life Insurance. Life Insurance is a critical part of every family’s financial plan and is often overlooked. There are a number of different types of Life Insurance. Broadly speaking, there is Term Insurance and Permanent Insurance. Each of these fills different needs for clients and it’s important to understand what you protect your family with and why. Many people have insurance policies through work and feel they are covered. Sometimes this is not the case. We recommend every client complete an Insurance Needs Analysis to get a feel for what they need to protect their family.

Disability Insurance. Disability Insurance is an often overlooked part of a family’s financial plan. Depending on a person’s occupation, insurance coverage is usually pretty reasonable.
If someone is in an industry where there is a risk of injury
and is a major breadwinner for the family, this is something that should be discussed. While Blue Dot Wealth Management does not provide Disability Insurance, we do know experts in that field that can assist our friends should they need coverage.

Last, but not least Long Term Care Insurance.
Nothing depletes the resources a family has faster than Nursing care. Being a care giver for a loved one not only takes away earning power, it takes away time, adds stress, and increases financial instability. Many people think about Long Term Care Insurance being just for retirees, however people of all ages can require in home care. Accidents, people at risk of strokes, or other unforeseen health risks unfortunately happen to people of all ages. There are different kinds of insurance coverage for these different kinds of risk.

Blue Dot Wealth Management has years of experience helping friends and clients navigate the Long Term Care market to find solutions that are tailored to their needs.

At Blue Dot Wealth Management, we pride ourselves on focusing on our clients and building relationships that go beyond finance. We believe that working with a financial advisor is one of the first steps in achieving your financial goals. We want to work together with you to help solve your greatest challenges.

Blue Dot provides a number of financial planning services. We can help with financial planning, personal retirement planning, small business retirement planning, insurance planning, college saving planning, and not for profits. For more information on getting help with any of these visit our website

Financial Advisor and Founder Rob Young’s unique focus on analytics, long term investing, and client centered interactions are what make Blue Dot Wealth Management the best option for your financial needs. Our mission is to create value in the lives of our clients by helping families, businesses, and nonprofits leave a legacy that reflects their values.

Wealth Management and financial planning can be difficult, but here at Blue Dot, we’re here to help make the seemingly impossible, possible. Our team is made of strong people who serve honestly, with a strong ethical code, and with integrity. We are driven to understand our customers better in order to address your personal needs as clearly as possible. We are here to help you!

Contact Rob and Blue Dot Wealth Management at
Phone: Office: 480-256-2384
Cell: 602-743-2932

Securities offered through Cambridge Investment Research, Inc. a Broker Dealer, Member FINRA, SIPC. Advisory Services offered through Cambridge Investment Research Advisers, Inc., a Registered Investment Advisor. Cambridge and Blue Dot Wealth Management are not affiliated.

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