Life insurance is a core component of many families’ financial plans. It provides a degree of protection against the certainty of death. It can help heirs achieve specific financial objectives.  It can help provide peace of mind for caregivers responsible for a loved one’s quality of life. It can be used to fund charitable gifts and legacies, assure the survival of a business, enhance retirement income, and more. But buying life insurance is not easy.

There are many kinds of life insurance to choose from. And to achieve specific objectives, life insurance contracts can be customized in many different ways . As part of your financial plan, your Foster Group financial advisor can review your life insurance needs and coverage, evaluate appropriate changes, if needed, and even consult with your insurance team.

From provider networks to deductibles, copays, lifetime limits, and more, healthcare plans can be remarkably customized, based on your budget, health risks, and ability to self-insure a portion of your coverage.

Based on your circumstances, you may also want to consider a Health Savings Account (HSA). It’s tax-advantaged type of personal savings account you can use to pay qualified medical expenses – including deductibles, copayments, and coinsurance. Contributions and withdrawals from as HSA are not subject to federal income tax. Unused funds at the end of each year continue to grow tax deferred.

Your income may be your most important asset – especially during your accumulation years. For most people, income is the asset that funds everything else – the mortgage, your lifestyle, education, vacations, savings, and more. Protecting your income enables you to continue to enjoy what it pays for. That’s why disability income insurance is an important component of many financial plans. But there are many factors to consider.

Your Foster Group financial advisor can review your needs, including any disability income benefits provided by your employer. Then, we’ll help you determine if coverage is appropriate, as well as how much coverage you may need. At your direction, we’ll consult with your insurance professional to put your disability income protection strategy in place.

In recent years, long-term care has become a significant component of many financial plans. With the cost of some nursing home and assisted living facilities approaching or exceeding $100,000 per year, it’s easy to understand why. We all share the risks of aging, chronic illness, and serious injury – and the potential negative effect they can have on our savings, retirement income, and estates.

Your Foster Group financial advisor can help you determine if long-term care insurance is an affordable, reasonable insurance protection strategy. Standalone policies are available, as well as supplemental coverages or riders on certain life insurance or annuity contracts.

From your home (or homes) to cars, RVs, boats, fine art, jewelry, and more, it’s not unusual to have several policies to protect your physical assets – each with different deductibles, exclusions, and coverage limits. Still, there may be uninsured gaps in your coverage. Or expensive and unnecessary overlaps. But as your wealth and potential exposures grow, it’s important to make sure your policies efficiently cover your risks.

Your Foster Group financial advisor can provide valuable insights into creating a more strategic property & casualty protection strategy. We can also work with your insurance professional to bring the strategy to life.

Medicare presents a wide range of options based on your age and income. If desired, your Foster Group financial advisor can help you navigate the Medicare marketplace, as well as connect you with a trusted third-party health insurance professional.

Medicaid and Medicaid Waiver programs may provide care for those with disabilities or older adults. Whether an individual needs medical coverage, independent living services or skilled facility care, it’s important to understand the pros and cons of Medicaid eligibility. Foster Group can help with strategies to make sure your loved one gets the care they need without unnecessarily compromising the family’s other financial priorities.