Insurance is the foundation of a well-rounded financial plan that manages the many risks of loss. Protecting your assets with Life, Disability Income and Long-Term Care insurance is only prudent. For example, the cost of nursing home care in Hawaii today averages about $120,000 per year. That kind of expense can be detrimental to the best retirement plan. With insurance as the foundation of your financial plan, you have an excellent vehicle that will give you greater peace of mind, provide for your family or business, and also enable you to leave a legacy for your grandchildren or favorite charity.
As you think about insurance, consider the following:
- What would happen to your family or business without you?
- Do you have savings to cover a long-term illness or disability?
- Could your family pay the mortgage if you passed away?
- Is your business protected as well as it should be?
- Are your employees appropriately compensated?
- If estate taxes are an issue, what is the least costly way to pay that bill?
Our Wealth Advisors at First Hawaiian Bank will assess your situation and suggest a comprehensive plan that is right for you. In addition, they will work with other members of First Hawaiian Bank’s Wealth Management team to ensure your insurance plan is integrated into an overall asset strategy that is compatible with your financial goals.
If you are looking for new coverage, or have an existing policy that may need to be reviewed, our Wealth Advisors will be happy to talk with you and provide you with a risk assessment profile as well as appropriate solutions that will help you face the future with greater confidence and increased financial security. Please call (808) 525-6280 or visit a First Hawaiian Bank branch near you and ask to speak with a Wealth Advisor.