Financial Planning Experience Phase Three
Benefits Strategy & Insurance Review
“Plan for the worst-case scenario and make it as good as possible” – Ray Dalio
Risk Management Inventory
Review Insurance, Benefits and Benefit Selection
Review Employee Benefits
Health Insurance
Disability Insurance
Life Insurance
FSA, HSA, Other
Review current insurance
Review 3-year disability - Client / Spouse
Planning for "What if Scenarios"
Milestone
Negative Visualization Exercise / Discussion
Worst Case Scenario Review
Risk Management Statement
Understand risk management strategy
Understand risk and consequences to financial plan
Action Items
Confirm benefit selection
Review / update insurance policies and beneficiaries as recommended
Make changes to benefits or set reminder to make changes to benefits at next open enrollment