What Types of Insurance Are Critical for Your Financial Plan?

By
Windus Fernandez Brinkkord, AIF®, CEPA
January 8, 2019
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Insurance is a necessary component to creating a financial plan that works well for you, your family, and your long-term goals. It can take just one illness, one job loss, or one car accident to turn your world upside down and crumble your financial plan.

If you have the proper insurance in place from the start, however, you can weather these life-changing moments and keep your goals and dreams on the right trajectory.

  1. Auto Insurance – Auto insurance is a must and not just because the law requires that you carry it. Auto insurance can protect your assets in the case of an accident and make sure that not only can you shoulder liability in an accident but you can also get back on the road with a car that will carry you safely to and from work. Full coverage is especially important if you owe money on your vehicle. No one wants to keep making car payments on a vehicle that was totaled in an accident.
  2. Homeowners or Renters Insurance – You have worked hard to provide for your family and homeowners and renters insurance can protect you and get you back to where you were in the case of a natural disaster or a home break-in. Depending on where you live, you have seen the damage that can be done by tornadoes, earthquakes, floods, and more. Be sure to check that your policy covers the weather most likely to wreak havoc in your neck of the woods.
  3. Life Insurance – Life insurance is absolutely necessary for any individual who supports another individual. So, if you are married or you have dependents, then you definitely want to make sure that their needs are covered if you meet an untimely death. Think about what life would be like for your dependents without your income and choose the amount of life insurance that you need accordingly.
  4. Health Insurance – Health insurance is such a smart choice. Medical costs have skyrocketed and long-term illness or serious injury can drain your savings fast. Having health insurance goes a long way in keeping your household doing well financially in the midst of a health crisis. If you do not receive health insurance through your employer, take the time to talk to your insurance agent about it.
  5. Disability Insurance – If you work you may already be getting this type of insurance through your employer. Look at the specific plan and if you are not getting enough coverage through your workplace then you may want to consider getting some through your agent or broker.

Disability insurance is important because it keeps your household operating during a long absence from work due to illness or injury.

Now is the time to make sure all of your “insurance ducks” are in a row. Catastrophe may never hit, but if it does, you want to make sure that you and your family are covered.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

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By Trilogy Financial
June 25, 2024

With school out and summer in full swing, many families are starting to travel and enjoy their vacations. In today's ever-connected world, staying connected while traveling is easy, but this constant connectivity can also make you more vulnerable to cybersecurity risks. Whether you're traveling for work or pleasure, it's important to take precautions to ensure your trip remains cyber secure. Here are some quick tips to help you protect your personal information and devices while on the go.

 

Browse with Caution

  • Avoid using public Wi-Fi for accessing sensitive information such as email or banking.
  • Use a VPN (Virtual Private Network) to encrypt your data and keep your browsing activity private.
  • Use your phone as a personal hotspot for safer browsing.

Secure Your Devices

  • Keep your devices with you at all times to prevent theft.
  • Use strong passwords, biometric security (fingerprints, facial recognition), and multi-factor authentication (MFA).
  • Enable “Find My Device” or remote wiping features to locate or erase data if your device is lost or stolen.

 

By following these simple steps, you can significantly enhance your cybersecurity and ensure your trips are memorable for the right reasons.

By Trilogy Financial
February 20, 2024

In today's dynamic financial landscape, achieving robust financial growth necessitates more than just earning; it demands smart management of your wealth. Trilogy Financial Services exemplifies this ethos, providing a conduit to “amplify wealth” through professional financial planning.

 

 

How Are Financial Strategies Tailored to Individual Needs?

Trilogy's financial planners excel in tailoring strategies to your unique financial objectives. They ensure your money works smarter, not harder, covering areas such as:

  • 401k Retirement Planning
  • Wealth & Asset Management
  • Estate Planning Strategies
  • Investment Strategies
  • College & Education Planning
  • Insurance Services

This holistic approach embodies the essence of “amplify wealth management”​1​.

 

What Expert Insights Are Offered for Investment Strategies?

Jake Claver, a finance expert, emphasizes the need for simplicity in investment strategies. He suggests having a diverse portfolio to reach long-term financial goals ​2​.

 

What Makes the Journey to Amplified Wealth a Collaborative Venture?

The journey to “amplified wealth” is a collaborative venture with skilled advisors.A Visual Capitalist survey reinforces this idea by revealing:

  • 74% of Americans engage in financial planning.
  • Only 29% work with a professional planner, emphasizing the potential for enhanced wealth management with professional guidance​3​.

 

How Does Trilogy Help in Bypassing Investment Pitfalls?

Investing in Trilogy’s expertise means bypassing common DIY investment pitfalls. Andrew Lokenauth, a seasoned financial planner, reinforces the significance of professional guidance in achieving financial security through smart investing​4​.

 

How Does Trilogy Contribute to Wealth Preservation and Growth?

With Trilogy, you're not merely preserving wealth; you're propelling it to new heights, embodying the essence of “amplify my wealth.” Did you know the alarming statistic that 42% of Americans have less than $10,000 saved for retirement ​5​?

 

What Does the Signature Process and Professional Advisors Offer?

 

Trilogy's signature process and professional advisors offer:

  • Independent competitive portfolios
  • Tax-smart strategies
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  • Risk mitigation approaches

This tailored guidance fast-tracks your financial independence, allowing your money to work tirelessly towards pursuing your financial objectives​1​.

 

 

What Is the Track Record of Success Among Financial Professionals?

The Forbes/SHOOK Top Wealth Advisors have a strong history of success. Utilizing financial professionals who have trusted advisors can have a big impact on your wealth management. It also highlights the advantages of using professional financial planning services, like those provided by Trilogy Financial Services ​6​.

 

How Does Technology Optimize Financial Management?

Technology is important in changing finance, and Trilogy Financial Services uses advanced technology to increase wealth.Trilogy has personalized digital platforms that give you real-time insights on your finances, helping you make quick informed decisions.

 

  • Personalized Digital Platforms: Trilogy offers personalized digital platforms that provide real-time insights into your financial portfolio, enabling you to make informed decisions swiftly.
  • Robust Data Analysis: Utilizing advanced data analytics, Trilogy's financial planners can dissect complex financial data to unearth lucrative investment opportunities and mitigate potential risks.
  • Secure Digital Transactions: With a focus on security, Trilogy ensures that all your financial transactions are conducted securely, protecting your wealth from potential cyber threats.
  • Virtual Consultations: In an era where digital interaction is paramount, Trilogy facilitates virtual consultations with financial experts, ensuring that you remain on the right financial track, irrespective of regional constraints.

 

These technology-driven approaches not only streamline the financial management process but also provide a seamless, interactive experience. By integrating modern technology, Trilogy Financial Services demonstrates a forward-thinking approach in helping clients “amplify their wealth.” Combining financial advice and technology helps people grow their wealth. Trilogy is a great option for investors who want to succeed in today's digital financial world.

 

 

How Can You Embark on Your Pathway to Amplified Wealth?

“Amplified wealth” with Trilogy isn’t a distant dream, but a tangible reality awaiting your action. Engage with Trilogy Financial Services and set the cornerstone for a financially secure and affluent future.

 

 

Get Started on Your Financial Life Plan Today