Insurance Analysis and Recommendations
Protect Your Wealth. Protect Your Family.
It is our belief that both Insurance and Investments are important pieces to your financial plan, but should not be combined. Therefore, we will never sell you a product or be paid a commission for any insurance advice that we provide. Instead we will look at your needs and determine the best course of action for you. Then we put you in touch with the right people who can provide you with the right insurance plan based on your needs; not those of the advisor.
Term Insurance versus Permanent Life
It is our belief that the low cost of term insurance outweighs any of the "benefits" typically used to describe whole life or permanent life policies. In most circumstances the money that you save on premiums can be invested to yield a greater return then you could ever achieve in a permanent life policy.
Don't buy Insurance from an Insurance Salesman
If you ask an insurance salesmen if you need more insurance their answer is inevitably going to be yes. This is because they have an incentive to sell you that insurance. Phillip James does not sell insurance and as part of your financial plan, we perform an insurance needs analysis. This takes an objective approach to insurance because we are not compensated by selling you the end product, the insurance. With this analysis you will know exactly how much and what kind of insurance to purchase. Then you can confidently go to your insurance agent to purchase only what you need. We can also recommend an agent who will not push you into products you do not need.