Insurance Optimization

Insurance is like Goldilocks.  Too little insurance, and you could have a financial hardship.  Too much, and you are depleting savings.

At Benold Financial Planning, we assess your risk tolerance and financial circumstances to determine the correct amount of insurance needed.  Below are a few types of insurance we examine:

  • Homeowners
  • Automobile
  • Life
  • Disability
  • Umbrella
  • Renters
  • Health

umbrellas insurance optimization

By reviewing your current policies, we diagnose if you are overpaying or are underinsured.  Both can have adverse outcomes.  In addition, we analyze if there are gaps in your coverage where additional insurance needs to be purchased.  Not all insurances are necessary for everybody.  That is why we look at your specific situation and recommend solutions based on it.

Financial Planning Process

1. Schedule Consultation

The process begins with establishing a relationship between the client and Benold Financial Planning, with an informal initial consultation. Your financial planner will explain their financial planning services.

2. Plan Creation

You've gathered the relevant information, now it's time to analyze it and create a financial plan. The plan will include specific action points for your personal goals such as cash flow analysis. income tax planning,

3. Implementation

With a plan in hand, both parties will carry out the recommendations thereby putting the plan into action. Various items may be carried out at varying time frames.