Private Clients
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Thursday, April 04, 2024
Written By
Life insurance | Intergenerational Wealth Transfer | Financial Planning | Legacy Planning
When it comes to financial planning, different types of insurance serve different purposes. While critical illness insurance can be valuable, the importance of each insurance type may vary depending on a clients individual circumstances and priorities. Here are a few key insurance types commonly considered in financial planning:
Whether clients need critical illness insurance depends on their personal circumstances, health history, and risk tolerance. Consider factors such as age, family medical history, existing health coverage, and ability to handle potential medical expenses. Critical illness insurance can be valuable for individuals who want additional financial protection and peace of mind in case they face a serious illness. However, it’s important to carefully evaluate the terms, coverage, and cost of the insurance policy before making a decision.
When planning insurance needs, it’s advisable to consult with a qualified financial advisor or insurance professional who can assess your specific situation and provide personalized recommendations based on your goals and circumstances. NEBA know Financial Advisors all over the world and help put clients in touch with qualified, experienced and reliable consultants.
Talk with NEBA about the range of Insurance products we have access to.
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