Life Insurance & Long Term Care

Collaborative Financial Consulting believes that Protecting your assets and your legacy should come first!  Too many families are affected by the unexpected loss of a loved one, or the loss of a job due to disability.  CFC’s founder has experienced this unfortunate scenario firsthand and wants to help you avoid the experience.

Understanding life insurance plans


  • Life insurance can provide you with the growth and security you need to protect your dreams and goals over a lifetime.

  • Term life insurance provides protection at a low cost, but doesn't have cash value.

  • Permanent life insurance provides protection while providing an opportunity for cash value growth potential.

What is life insurance?

Life insurance provides a way to help those you care about to maintain their quality of life in the event of untimely death and can also provide retirement and other benefits to you during your lifetime.

Types of life insurance

A life insurance policy can provide protection based on your current situation, goals and needs:

  • Permanent life insurance. Provides lifelong coverage that may build cash value

  • Term life insurance. Often costs less, but covers only a set period of time and does not have cash value

If you already took steps to financially protect your family, remember to periodically assess your situation and life insurance needs. Changes in your income, financial obligations and long-term goals mean the type and amount of life insurance you need may have changed, too.

Life insurance planning 

When you discuss life insurance with your Advisor, you will need to review information about your financial situation. Including:

  • Current life insurance and savings

  • Current income and monthly expenses

  • Family commitments, such as college funding

  • Survivor's basic needs

  • Survivors' expected income vs. income needed to cover expenses for life

Life insurance comparison

After assessing your coverage needs, your advisor can work with many carriers to identify and recommend the right insurance solution for you.