What is Insurance Planning?   Whether you know it or not, you are already doing some form of insurance planning. You are probably already managing your risks with auto, health, home, flood, earthquake or other property insurance. You may have life, disability, or long term care insurance, individually or through your work. Most of us strive for the right balance between the ability to live with a certain amount of risk and the confidence we may or may not have to replace or minimize the impact of loss. Our comprehensive insurance planning can help you in these areas.

How Can PWA Help?

Our consultants at PWA can assist you with assessing your risks, determining your level of risk tolerance, discovering appropriate insurance solutions, and implementing a cost effective insurance strategy.

A well designed insurance plan can help protect you from financial disaster. In designing your plan, we’ll consider:

  • What are your financial and family goals
  • Are you properly insured currently?
  • Are your coverage limits enough to meet your needs?
  • What insurance is a necessity and what is a luxury in your case?
  • Does your insurance carrier have the financial stability to pay claims?
  • Do you have a disaster recovery plan?

During the insurance planning process, a PWA consultant will analyze your current needs, coverage limits and carrier quality in:

  • Medical insurance
  • Long term care insurance
  • Disability insurance
  • Property and casualty insurance
  • Liability insurance
  • Life insurance

Five steps are involved in developing your insurance plan:

  • Analyze your coverage needs
  • Determine if there are any deficiencies in coverage
  • Analyze the quality of your current carriers.
  • Determine appropriate alternatives
  • Make recommendations.

Consider life insurance as an example. Life insurance is primarily intended to cushion the negative financial effects on your family in the case of your untimely death. An insurance amount paid upon your death could be used for/to:

  • Normal daily expenses
  • Pay off your mortgage
  • Provide for tuition expenses for your children
  • Help with the costs of continuing to run a family business
  • Fund your spouse’s retirement
  • Pay for final expenses (funeral costs, medical bills, taxes, debts, lawyers' fees, etc.)
  • Continue the support of any beneficiary — including non-profits

In addition to an amount paid upon death, certain policies permit cash to accumulate while deferring taxes.

Contact Us For Insurance Planning

Whether part of a comprehensive Financial Plan or as a separate Insurance Plan, we are here to assist you in designing a strategy that fits with your personal and financial goals. If you would like further information about Pacific Wealth Advisors, please call us at (650) 353-4702, email us at contact@pacwealthadvisors.com, or set up a consultation with this form.

Pacific Wealth Advisors, LLC
2391 The Alameda, Suite 200
Santa Clara, CA  95050
Phone (650) 353-4702 |  Fax (650) 433-5404

Securities and Advisory Services offered through LPL Financial.  Member FINRA/ SIPC 

Information provided on this website is solely intended for the use of individuals residing in the states listed. No information provided on this website is intended to constitute an offer to sell or a solicitation of an offer to buy shares of any security, insurance product, advisory product or service, or other financial product or service. Pacific Wealth Advisors, LLC, its Investment Advisor Representatives, or the Registered Representatives or Investment Advisor Representatives with LPL Financial whose identities and association with Pacific Wealth Advisors, LLC are disclosed herein may only discuss securities and advisory services or transact business with persons who are residents of the states listed below or states where the Investment Advisor Representative is excluded or exempt from registration. Current states of registration are: AZ, CA, CO, FL, HI, IL, NM, NV, OH, OR, SD, TX, WA, WI.  Consulting services offered through Pacific Wealth Advisors, LLC, a Registered Investment Advisor and a separate entity from LPL Financial.  Investment Advisory services offered through LPL Financial.

Our Team members of Pacific Wealth Advisors may be Registered Representatives and/or Investment Advisor Representatives (IARs) with LPL Financial.  In such capacity as IAR, the IAR may offer advisory accounts through LPL Financial, the details of which are fully described in LPL's Form ADV or relevant schedules.  Financial Planning clients are under no obligation to use PWA or its IARs, or the IARs of LPL Financial, to implement advisory recommendations.  

If your state of residence in not listed herein, Pacific Wealth Advisors, LLC, its IARs, or the IARs with LPL Financial associated with Pacific Wealth Advisors, LLC may be excluded or exempt from registration in your state and may conduct business upon registering. To check on excluded or exempt status, please email contact@pacwealthadvisors.com for specific information. As additional assistance, you can locate an LPL financial representative in your state by accessing www.lpl.com.