A meeting with financial professionals can admittedly be a source of stress for some. Managing money can seem intimidating, is sometimes confusing and is always very personal. These meetings provide an important financial check-up for you to ensure your strategy is still on track and can help make sure your family and finances are protected. Like going to the doctor or dentist, it is important that you come prepared to ask the right questions. Consider these questions at your next meeting:
- Is my coverage adequate? Ensuring proper protection against death, disability or injury is one of the most important things you can do for your family. Talk to your financial professional about cost concerns, protection options and how you can make sure that your family will be covered financially in the event of an untimely death or disability. If you’ve had major life changes, like buying a house or getting married-chances are your protection will need updating.
- What are some creative ways we can refine my strategy to help maximize benefits? They can help you organize your financial strategy in a way that factors in things like taxes and market volatility, and they will know what changes are on the horizon that could affect you. They can also help you use financial products in unique ways.
- How are my financial strategies aligning with my values? If you have charitable causes you want to support or volunteer trips you want to take, make sure your financial professional knows about them to help you develop ways to bring your generosity to life.
- Tell me about the strength and stability of your company or organization. Insurance is only as strong as the ability of your financial institution to pay out claims when you need to file a claim. Make sure to investigate the strength and stability of any company you’re working with to ensure it is financially sound.
- What should I do differently in the next year? Making sure you’re diversified in the market and ensuring your future protection needs are just two of the many variables to consider. Yearly meetings with a financial professional can help you hone your financial strategies for the upcoming year.
Your time is valuable; and your financial future is even more valuable to you and your family.