1 minute reading time (266 words)

Financial Literacy #2: Insurance Planning is Financial Planning

Insurance block pyramid

Insurance is a critical element of your financial plan and the foundation of your pyramid. Different kinds of insurance (including home, health, and car insurance) protect you and your family against the cost of accidents, illness or medical needs, and other unexpected loss.

Your insurance needs vary depending on your life situation, and may include:

Term Life

Term life insurance provides coverage for a specific time period (usually 10, 20, or 30 years) and could replace your income and help your family if you were to die prematurely.

Whole Life

Whole life insurance is a permanent life insurance policy that includes an investment component known as the cash value, a savings account funded by a percentage of your premiums. Whole life insurance premiums are more expensive than term policy rates because of the added financial benefits.


Annuities combine insurance with investment components and can help you boost your retirement savings, provide a stream of income for retirement, or protect what you’ve saved, depending on your financial strategy.


Homeowners insurance protects your home and often includes coverage for injuries or losses occurred by others on your property. Monitor your policy to ensure that your house is insured to at least 80% of its value, and consider an umbrella policy to protect you and your assets against lawsuits and from others.

Schedule a consultation with us to discuss the insurance policies that are best for you and your overall financial picture—we can advise you on the best way to structure your insurance to protect your finances. Next, we’ll share tips about savings and becoming debt free.

Financial Literacy #3: Becoming Debt Free
Financial Literacy #1: Planning for Your Financial...


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Sunday, 07 March 2021

By accepting you will be accessing a service provided by a third-party external to https://www.attentiveinv.com/

Due to renewed State orders for shelter-in-place we will be modifying our office operations. We will be suspending services at our physical office for the public. However, we are available to you via web meeting (zoom), email and telephone (Phone lines have been forwarded to our personal cell phones) during regular business hours. We will be able to fully service all your investment needs with no interruption.

You may drop contribution checks at our office through the mail slot or they may be mailed directly to TD Ameritrade (address listed below). Please be sure to notate your account number on the check.

TD Ameritrade
PO BOX 650567
Dallas, TX 75265-0567

Rest assured that we will continue to monitor your investments and market conditions on an ongoing basis with no interruption. Should you have any questions or concerns please feel free to contact us.

We will navigate this crisis as best we can, coming together and making shared sacrifices. We hope that we can help to slow down the effect of this virus together and solve this swiftly. We also wish everyone well and would like to extend our gratitude for your patience during these trying times. Continue to watch for updates from us.