Protect the plan from the unexpected.
Every rider checks their brakes before a descent. Protection planning is the same instinct applied to your finances: making sure that an illness, an injury, or a loss does not undo the climb you have worked so hard to make.
Insurance and protection planning is the process of identifying financial risks, such as premature death, disability, or the need for long-term care, and addressing them with appropriate coverage. At Cadence, insurance is offered through licensed affiliates and coordinated with your overall plan.
What is insurance and protection planning?
A financial plan is built on assumptions: that income continues, that health holds, that life follows roughly the path you expect. Protection planning asks a harder question: what happens to the plan if one of those assumptions breaks? Insurance is the tool that transfers those risks, so a setback for your health or your family does not have to become a setback for everything you have built.
Protection planning is not about buying as much insurance as possible. It is about identifying the risks that genuinely threaten your plan, then addressing them with appropriate, right-sized coverage. We review where you may be exposed, explain the options in plain language, and coordinate any coverage so it fits the rest of your retirement and income plan rather than sitting off to the side.
Protecting your income and your family
The most common risks worth planning for fall into a few categories. Life insurance protects the people who depend on your income if you are no longer there to provide it. Disability coverage protects your income itself, which for most working people is their single largest asset. Long-term care planning addresses the cost of extended care later in life, one of the largest and most overlooked risks in retirement.
Which of these matter, and how much coverage makes sense, depends entirely on your situation. We help you sort the risks worth insuring from the ones you can absorb yourself.
Life insurance
Protects your family's financial security if your income is lost.
Disability income
Replaces a portion of your income if illness or injury keeps you from working.
Long-term care
Plans for the cost of extended care, a major and often overlooked retirement risk.
Income guarantees
Where suitable, certain annuities can provide guaranteed income, subject to the issuer's terms.
Planning for long-term care
The need for extended care, whether in the home or a facility, is one of the largest financial risks many retirees face, and it is rarely covered by Medicare in the way people expect. There are several ways to prepare, from dedicated long-term care policies to certain hybrid products to simply earmarking assets to self-fund. Each approach has trade-offs in cost, flexibility, and certainty.
We help you weigh these options against your resources and your wishes, so the plan reflects how you actually want to handle care rather than leaving it to chance or to your family.
Annuities and guaranteed income
For some retirees, an annuity can convert a portion of savings into income that is guaranteed for life, which can complement Social Security and a pension as part of a retirement income plan. Annuities are not right for everyone, however. They vary widely in cost, complexity, and flexibility, and any guarantees are backed by the claims-paying ability of the issuing insurance company rather than by the markets.
Our approach is to evaluate whether an income guarantee genuinely improves your plan before considering one, and to explain the trade-offs plainly. Any annuity or insurance product is offered through licensed affiliates and agents, and we are glad to detail how those products work and how they are compensated.
Common questions
What types of insurance do I actually need?
It depends on who relies on your income, your assets, and your stage of life. Common areas to review include life, disability, and long-term care coverage. The goal is right-sized protection for the risks that genuinely threaten your plan, not as much insurance as possible.
Do I still need life insurance in retirement?
Sometimes, and sometimes not. The need often decreases once children are grown and savings are built, but life insurance can still play a role in estate, legacy, or income-replacement planning. We review whether it still fits your situation.
What is long-term care insurance?
It helps cover the cost of extended care, such as in-home help or a care facility, that is generally not covered by Medicare. There are several ways to prepare, each with trade-offs in cost and flexibility, which we help you weigh.
Are annuities a good idea?
For some retirees an annuity can provide guaranteed lifetime income; for others it is unnecessary or too costly. Guarantees are subject to the claims-paying ability of the issuing insurer. We evaluate whether one improves your plan before recommending it.
How is insurance handled at Cadence?
Insurance and annuity products are offered through licensed affiliates and agents, and commissions may apply. We coordinate any coverage with your overall plan and explain how each product and its costs work.
Keep exploring
Insurance and annuity products are offered through licensed affiliates and agents, and commissions may apply. Guarantees associated with annuities and insurance products are subject to the claims-paying ability of the issuing insurance company and are not guaranteed by Cadence Capital Investments or any affiliate. Product features, costs, limitations, and surrender charges vary; review all contract details before purchasing.
Cadence Capital Investments provides investment advisory services and acts as a fiduciary with respect to those advisory accounts. This page is general information and is not investment, tax, legal, or insurance advice, and is not an offer or solicitation to buy any product. Consult your CPA or attorney regarding your specific situation.
Make sure the plan is protected
Schedule a complimentary conversation and let's review where your plan may be exposed.