In our previous article we made a compelling case that California health insurance should be at the top of your shopping list when creating a sound insurance strategy for the California resident and their family.

So – assuming you have the California health insurance plan strategy that is uniquely right for you in place and serving your health care needs – let’s turn our attention to the other vital components of your insurance shopping list:

• If you have a family; a California life insurance plan should be one component of a sound financial planning strategy for your family moving forward. While you’ll be a responsible spouse and parent; saving money regularly for major life expenses like retirement savings, and major purchases like a home and college savings funds for your children, it is important to note that one of the key advantages of owning a California life insurance plan is that it fast tracks your family’s nest egg if you’re not there. It’s been said that a California life insurance plan creates the existence of an instant-estate if something happens to you or your spouse. It’s also interesting to note that a California life insurance plan can serve a purpose that goes beyond the perhaps strict perception we have of a life insurance plan: While you may be the primary income-earner for the household, what if something should happen to a spouse? Will your income will be sufficient to the task of perhaps hiring regular domestic help or paying for increased child care costs that you and your family may need in the absence of a spouse or partner? Here’s another scenario that makes owning an affordable California life insurance plan an important strategy for your family: We often tend to think about life insurance benefits for the generation that follows you. What about a situation where life insurance benefits are there to help the generation that preceded you? An elderly single parent or parents who were reliant on your income and your care?
• We understand that an important component of your financial planning strategy is accomplishing growth with your investments. You might be looking at a combination of stocks and mutual funds to accomplish your growth objectives but it might also make sense to look at the stability and peace of mind that comes with the inclusion of a fixed annuity as one component of your retirement planning. We’ve all seen the gut-wrenching twists and turns, highs and lows of the stock market in its recent history and while growth is a vital element to a financial planning strategy, the addition of an investment component like a fixed annuity that features stability and reliability can be a reassuring element to any investment portfolio. For more information on fixed annuities, call us toll-free at 800-607-1950 or contact us via the Vitality website for annuity planning assistance!
• You are working – hard – and you are committed to building a career and creating a lifestyle for your family that is enjoyed to the fullest. These commitments need the peace of mind that comes with owning a California disability insurance plan strategy that is there to ensure that a serious illness or injury doesn’t derail the sound financial planning you’ve done to date or the lifestyle you’ve created for your family while you recover from illness or injury. You may have an adequate disability strategy through your employer or other resources that will carry you through a period of illness or injury that keeps you from work and your chosen career: It’s worth it to spend some time with a Vitality professional reviewing your disability coverage: Our client services are always free and we’ll help you understand what your current disability coverage picture looks like. It’s strengths as well as possible areas of improvement.
• An important part of sound insurance and financial planning is the ability to understand and serve current needs while also keeping a watchful eye on the future. The selection of a California long term care insurance plan as part of an overall insurance planning strategy is about keeping a watchful eye on the future costs of long term care services in this country and preparing for a time when your or a spouse’s (Or parent’s) ability to perform certain activities of daily living are impaired by physical disability or dementia and preparing adequately to meet those costs by having an affordable California long term care plan in hand. While we tend to think of long term care insurance as being the providence of older Californians, it’s interesting to note that the need for long term care can arise at a (much) earlier point in a person’s life: It is estimated that 40% of people currently receiving long term care are adults aged 18 – 64.
• Are you a world traveler? Have you seen the Eiffel Tower, the plains of the Serengeti or the incredible sights of India? Have you made these trips with a California travel health insurance plan in hand? An affordable California travel insurance plan can be an amazingly prudent purchase for the owner of a domestic California health insurance plan who is planning overseas travel for business or pleasure. If you’re not certain what your California health insurance plan covers in the event of illness or injury while traveling abroad, reach out to us here at Vitality and we’ll help you understand what your current coverage will and won’t do for you should serious illness or injury strike while you are traveling abroad. A travel health insurance plan is about protecting both your physical health and your financial wellbeing if the unexpected should occur while you or your family are out of the country on that adventure of a lifetime!

Well that’s a look at your California insurance shopping list! It’s worth noting that while this list might look long and a bit daunting, you’ve got ample help with it in the form of Vitality’s always free, always careful and considerate client consultations. All of our insurance quotes and client services are always free and we also understand that, between work and home, you lead a hectic California lifestyle: It’s always our pleasure to set up a client consultation at a time and place that is convenient to your schedule!