Insurance Services

How can we help you?

As financial planners, we at Wealth by Design, LLC strongly recommend you have adequate insurance in place to protect you from the big threats to you and your family's viability. Without it, your financial plan is vulnerable to unexpected events.

Co-Founder of Wealth by Design, LLC, Barbara Bachelder, CFP^® is licensed health and life agent in California. She offers all major carriers for health insurance, disability insurance, life insurance and long-term care insurance.

Because insurance is expensive and because you are protecting against something that may or may not happen, our basic philosophy for buying insurance is to protect against the devastation of catastrophic events but minimize premiums. You pay the premium whether you use the insurance or not. Insurance coverage pays you only if the specific event you've insured for happens to you. Ideally, insurance will be the worst investment you will ever make because you will have a care-free life.

If you have a sufficient cash reserve account in place, you can get good insurance with a higher deductible. If something happens, you can pay the deductible, if nothing happens, you have saved lots of money on premiums insurance companies charge for lower deductibles.

Even though you may throw away insurance premiums your entire life, if you're lucky, the following types of insurance are necessary:

• Health insurance is essential for yourself and every family member:

• Disability insurance for those who work is essential to protect income.

• Life insurance protects your family in case they lose you.

• Long Term Care Insurance allows you to afford good care and protects your assets if you get a serious chronic illness.

Additionally, auto insurance and home-owners insurance protects your property. Finally, extra liability insurance (An Umbrella Policy) protects you from losing everything in a liability suit.

At Wealth by Design, LLC we review your existing coverage to make sure you have the right amount of coverage to protect your overall financial plan and offer products to fill in any gaps in your current coverage.

Please contact us to see if we can help you.