Insurance Services
About RCM Insurance Services
RCM Insurance services is about creating an honest approach to protection of wealth, and efficient wealth transfer to your beneficiaries. While RCM relies on its wealth management services as a primary source of investment for its clients, life insurance remains an important part of financial planning. In protecting your family and your estate, RCM chooses to work with a variety of life insurance companies to stay competitive in cost, address family needs, health concerns, and tax implications.
Services
Policy portfolio review and analysis
- Term and Permanent Life Insurance
- Estate planning
- Income replacement and protection (Disability Insurance)
- Long-term care planning
Needs
First RCM analyzes your current insurance situation to determine what type of need you and your family has. Comfort and ability to replace income and protect wealth can make a large difference in peace of mind and future financial security. Age, health, and ability to replace income or pay outstanding debts can be extremely important factors we consider.
Education
We want to be clear in an industry that can often be confusing. There are many implications to your income, health, taxes, and estate that need to be handled by someone you trust. The difference between different policy advantages, disadvantages, or fine print should not be brushed over. RCM has made its mission to remain clear and honest when it comes to using protection and selling it responsibly as a part of financial planning. Our goal is to educate the client on how the industry works and what each policy choice means before they purchase a policy.
Consultation
A recommendation of insurance policy is not a one size fit all. After RCM has analyzed the needs and educated the client on their situation, we consult both internally and with our close insurance partners at our general agency to pick the most competitive company and policy before moving forward with a recommendation.
Questions That You Should Be Asking
- Do I understand how my own insurance policy works now and when it was sold to me?
- Am I paying a competitive premium for my death benefit level or cash value accumulation as those prices have evolved in the competitive market?
- Does my current policy type reflect my goals for insurance? (term, whole life, universal life)
- Does my current policy adequately address the needs of my family or beneficiaries if something where to happen?
- Would my beneficiaries be able to pay expenses in year of a tragedy and later for future expenses, such as raising a child, living comfortably, buying a house, and retirement?
- When thinking about my retirement and health costs, have I considered how to handle a time for myself or my family with long term care or if I was unable to work?
- Was I including my healthcare costs in my retirement planning?
- Do I understand what Medicare and Medicaid will cover and the poverty levels needed to qualify for certain coverages?
