Insurance is an essential tool for protecting your wealth plan from unexpected events such as illness, injury, or death, helping ensure your family can still meet their goals. By transferring risk from your personal balance sheet to an insurer, coverage like life, disability, and long-term care insurance helps safeguard both assets and long-term financial objectives. Life insurance—whether term or permanent—can provide family protection, potential cash value growth, and support for retirement or legacy planning. Long-term care insurance helps cover the high costs of extended care that Medicare typically won’t pay, preserving retirement savings, while disability insurance replaces income if you’re unable to work due to illness or injury. Because insurance needs vary based on age, dependents, income, assets, and life events, reviewing coverage regularly is key to ensuring ongoing protection.