Insurance

Estate Planning
Estate planning is an ongoing process and should be started as soon as one has any measurable asset base. As life progresses and goals shift, the estate plan should move to be in line with new goals. Lack of adequate estate planning can cause undue financial burdens to loved ones (estate taxes can run higher than 40%), so at the very least a will should be set up even if the taxable estate is not large.
 
Long-Term Care (LTC) Insurance
Insurance coverage that provides nursing-home care, home-health care, personal or adult day care usually for individuals with a chronic or disabling condition that need constant supervision. LTC insurance offers more flexibility and options than many public assistance programs.

Disability Insurance
Insurance coverage that pays benefits to the insured when unable to work due to an injury or other medical condition. Coverage can be either long-term or short-term.
 
Life Insurance
A contract in which an insurance company agrees to pay money to a designated beneficiary upon the death of the policyholder.