© 2019 by Avera Wealth Advisors, LLC

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Avera Wealth Advisors, LLC (“AWA”) is a registered investment advisor offering advisory services in the State(s) of GA, TN, LA and in other jurisdictions where exempted.  Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by AWA in the rendering of personalized investment advice for compensation shall not be made without our first complying with jurisdiction requirements or pursuant to an applicable state exemption.

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All written content on this site is for information purposes only. Opinions expressed herein are solely those of AWA, unless otherwise specifically cited.  Material presented is believed to be from reliable sources and no representations are made by our firm as to other parties’ informational accuracy or completeness.  All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

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INSURANCE PLANNING QUESTIONS

Life Insurance

  • Do both spouses need life insurance?  If so, how much?

  • Do your children need life insurance?  If so, how much?

  • Do you need permanent insurance or temporary insurance?

  • Do you have life insurance?

    • Do the premiums increase each year?  If no, will they increase at some point?

    • What is the purpose of the life insurance? 

      • To provide cash to replace lost income?

      • To provide liquidity for

        • Cash to surviving spouse from the sale of business interests

        • Debt payoff

        • Estate tax payment

 

Disability Insurance

  • Do both spouses need disability insurance:  If so, how much?

  • Do you have disability insurance?

    • How long do you have to be disabled before benefits are paid to you?

    • How long do the payments to you last?

    • Do the payments increase over time?

    • Is the income taxable to you?

    • Does it cover you from the inability to work in your own profession, or any profession?

    • Does it cover you from a partial disability or from a total disability?

 

Long-term Care Insurance

  • Do both spouses need long-term care insurance?  If so, how much?

  • Do you have long-term care insurance?

    • What is the amount of coverage?

    • Does the coverage increase over time?

    • Does the coverage amount vary if it is in a facility or home care?

    • How long will your coverage last?

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Property Insurance (Automobile, Homeowners, Condo, Renters)

  • Do you have adequate insurance coverage on your property?

  • Do you have the proper individuals listed on your policy?

  • Are the deductibles at an appropriate level?

 

Liability (“Umbrella”) Insurance

  • Do you have adequate coverage?

  • Are the underlying coverages at the appropriate levels to avoid a gap in coverage?