The Life Insurance Design Questionnaire® is an assessment tool that enables your insurance advisor to assist you in the selection, design and purchase of life insurance products. While there are significant differences between companies, products tend to fall into several broad categories. Before you select a product or company, however, it is important to ask:
- Is this the right type of insurance?
- Is the policy designed to meet my needs and desires?
Disability Insurance, Income Replacement and Long Term Care
Each of us has defining relationships in our lives. With our parents. Our siblings. Our spouses. Our children. Our colleagues.
We even have relationships of sorts with our accomplishments. Our achievements. Our successes. And we have relationships with our own futures. We think of them as relationships because they mean something to us – and we are committed to them.
Thinking through the impact of your responsibilities as a caregiver is a first and important step. Whether you are a primary or hands-on caregiver, or someone who orchestrates the care provided by others – whether you provide some financial support or weigh in on important decisions – it’s important to recognize the potential impact of caregiving on all aspects of your life.
Planning ahead for ways to mitigate costs or share caregiving responsibilities is worthy of every family’s consideration.