Wealth Planning & Insurance Planning

Insurance Planning and Wealth Protection falls within the same perimeter. Objectives are similar. It covers areas such as protection of the wealth generator, which is often the individual and it covers the protection of the wealth itself, such as assets which are non-living or non-life.

For the life protection part, we are looking at the economic value of the individual is to his/her family. How much it would costs to replace this income generating asset.

For the non-life protection part, we are looking at assets such as houses, cars, antique collections, etc. Things which have place a value at that point in time.

Both life assets and non-life assets can be valued and it is this perception that creates a value in it so that if an event occurs and the assets are taken away, it can be replaced through the wealth protection element that is in place.

We call this "insurance" and the process, Insurance Planning.

Go to wealth experts and ask a wealth query with regards to Insurance Planning.

Let us now look at the important aspects of Insurance Planning.

Again we look at the 5 Driving Forces                                            to determine our direction.

The 5 driving forces are Wealth Aspirations, Strategic Wealth Analysis, Strategic Wealth Planning, Wealth Action and Wealth Management.

Wealth Aspirations
To get through this part, ask yourself this question. If you were going to leave your family for an indefinite period of time, what would you have done for them before you leave. The answer will be your aspiration.

To find out more about Wealth Aspirations, click here...

Strategic Wealth Analysis
Analyse all that you have. Analyse what you do not have and work out any shortfall.

To find out more about Strategic Wealth Analysis, click here...

Strategic Wealth Planning
Sit down and plan what is needed. Work especially on the shortfall. Do not let your family lose out on something your forgot to protect.

To find out more about Strategic Wealth Planning, click here...

Wealth Action
Provide for the action plan. Don't procrastinate or wait because accidents and disasters can happen at any time. It waits for no men.

To find out more about Wealth Action, click here...

Wealth Management
Managed it by consistently reviewing your plan and action plan. See if changes need to be made. We are talking about values here. If an asset is under insured, your family and you are going to fall short of its true value.

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To find out more about Wealth Management, click here...

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