Between your family, your finances, your independence, and your legacy, you’ve got a lot to protect - so it's important to have protection plans in place.
Start with your life insurance.
Would it be adequate to help ensure your family could maintain their lifestyle if you weren’t around?
You might also need disability insurance to replace income lost because of illness or injury.
Your employer may offer life and disability insurance as employee benefits, but you might need to supplement this coverage with private policies.
And to protect your goals, such as educating your children and retiring in comfort, you may want to contribute to an education savings plan and an IRA and 401(k) or other retirement plan.
You also need to protect your financial independence from the significant and rising costs of long-term care.
A financial professional can offer solutions.
Finally, you’ll want to protect your legacy by working with your legal and tax professionals to develop a comprehensive estate plan.
Protection can take many forms.
Try to follow the protection strategies you need to enjoy the life you’ve envisioned for yourself and your family.
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor John Dickerson and Hawes Dickerson. Members SIPC.
