Insurance Advice

Some risk is inherent in everyone’s life. A review of the various insurance options available to protect you against these risks is an important part of any financial plan. Seneca Financial Advisors will help you understand your current insurance policies and evaluate whether you’re adequately protected. As part of this process, we:

  • Assess your current insurance coverage, employer-provided benefits, and beneficiary designations by conducting a review of existing policies, interpreting complicated policy language to clarify features, benefits, and schedules
  • Analyze your life and disability insurance requirements, now and in the foreseeable future, to determine whether your current levels of coverage are suitable for your needs
  • Examine your property and liability insurance coverage to assess whether your existing policies appropriately address your risks
  • Review your policy limits and compare them to your assets to identify any coverage gaps and determine whether an umbrella policy is appropriate
  • Recommend changes to your coverage and policy structures, possibly suggesting that you surrender, exchange, or extend certain policies depending on your needs
  • Evaluate any proposals for additional insurance based on the product type, principal features, and cost-versus-benefit analysis
  • Provide a referral to a qualified insurance agent to assist with the purchase of insurance products