At Key Financial, protecting assets and insurance coverage are coordinated with all areas of your financial life.

Often loss is not all at once. Assets could be depleted slowly over time due to an illness, a disability, or even a long-term care need, leaving a healthy spouse without the funds they need to live. The first step is to see if there is exposure. Some have enough money set aside to cover life events, while others may prefer to transfer this risk to a company.

Transferring Risk You Don’t Want to Assume Yourself

The purpose of insurance is to protect your assets against out-of-pocket expenses. “We’ll cross that road if we come to it” approach might be the right approach if you have enough assets, or it may be wiser to coordinate insurance coverage with your overall financial plan. We encourage you to talk with your agent to make sure you have the coverage you need.


Protecting assets can also include the use of trusts. A lot of people think trusts are only for the wealthy, but there are many reasons you might want to set up a trust. Aside from saving estate and inheritance taxes, many families want to protect the assets they leave to children and grandchildren from outside influences, lawsuits or a divorce. These life events are painful enough – a trust can help protect the assets you’ve spent a lifetime building.