Insurance is about more than being prepared for the unexpected.
You’ve worked hard to build a life, support the people you care about and plan for your future. The right insurance strategy can help protect those plans when life takes an unexpected turn.
At Journey Wealth, we’ll look at your bigger financial picture, help identify where protection may be needed and walk you through the options available to you.
The goal isn’t to have every type of insurance. It’s to have the right protection for you.
Protecting different parts of your financial life.
Protect Your Family
Life insurance can provide financial support for the people who depend on you and help cover expenses, debts and future financial needs.
Protect Your Income
Your ability to earn an income is one of your biggest financial assets. Disability and critical illness coverage can provide financial support if affects your ability to work.
Protect Your Plans
Insurance planning can help make sure an unexpected event doesn't completely change the financial goals you've been working toward.
Protect Your Future
Certain insurance and investment solutions can also play a role in retirement income, estate planning and transferring wealth.
Find the coverage that fits.
There are different types of insurance because there are different things to protect. Your Journey Wealth advisor can help you understand how each option works and which ones may make sense for your situation.
Term Life Insurance
Provides life insurance coverage for a set period of time. Term insurance can be a cost-effective way to protect your family during years when financial obligations may be higher, such as while raising a family, paying a mortgage or building your savings.
Universal Life Insurance
Combines permanent life insurance with an investment component, providing flexibility in how the policy is structured. It can be used for lifelong protection as well as certain estate and wealth-planning objectives.
Whole Life Insurance
Provides permanent life insurance coverage as long as the policy remains in force. Whole life insurance can also build cash value over time and may be used as part of longer-term estate and legacy planning.
Disability Insurance
Provides life insurance coverage for a set period of time. Term insurance can be a cost-effective way to protect your family during years when financial obligations may be higher, such as while raising a family, paying a mortgage or building your savings.
Critical Illness Insurance
Provides life insurance coverage for a set period of time. Term insurance can be a cost-effective way to protect your family during years when financial obligations may be higher, such as while raising a family, paying a mortgage or building your savings.
Travel Insurance
Provides life insurance coverage for a set period of time. Term insurance can be a cost-effective way to protect your family during years when financial obligations may be higher, such as while raising a family, paying a mortgage or building your savings.
More Than Protection
Insurance solutions can play a role in building and using your wealth, too.
Depending on your goals, Journey Wealth can also help you explore insurance-based investment and retirement income solutions.
Segregated Funds
An investment product offered by an insurance company that combines investment growth potential with certain insurance features, which may include maturity and death benefit guarantees and potential estate-planning benefits.
Annuities
An annuity converts a lump sum into guaranteed regular income for a specified period or for life, depending on the type selected. It can be one way to create predictable income during retirement.
Your Insurance Needs Change As Your Life Does.
Buying a home. Starting a family. Changing careers. Growing a business. Approaching retirement.
As your responsibilities, income and assets change, the protection you need can change too.
We’ll help you review what you already have, understand where there may be gaps and make sure your insurance strategy continues to fit into your overall financial plan.
Already Have Insurance? That's a good place to start.
You may already have coverage through work, an existing policy or a plan you purchased years ago. That doesn’t necessarily mean you need something new.
Your advisor can help you look at the coverage you already have, understand what it provides and determine whether it still reflects your current needs.
Frequently Asked Questions
There’s no single amount that’s right for everyone. Your needs can depend on factors such as your income, debt, mortgage, dependents, existing savings and the financial support you’d want to provide for your family. An advisor can help you work through these considerations.
Term life insurance provides coverage for a defined period, while permanent insurance, such as whole life or universal life, is designed to provide lifelong coverage as long as the policy requirements are met. Each can serve different financial needs.
Employer coverage can be an important part of your protection, but the amount and type of coverage varies between plans and may change if you leave your employer. Reviewing your workplace coverage alongside your overall needs can help identify whether additional protection makes sense.
They protect against different financial risks. Disability insurance generally provides ongoing income replacement when a covered illness or injury prevents you from working. Critical illness insurance generally provides a lump-sum payment following diagnosis of a covered condition, provided the policy requirements are met.
It’s worth reviewing your coverage when something significant changes—such as buying a home, getting married, having children, changing jobs, starting a business or approaching retirement—as well as periodically to make sure it still reflects your needs.