Frequently Asked Questions

Q.How much life insurance coverage do I need?

A. – Life insurance is very affordable when purchased through a broker and we recommend you consider the following:

  • The amount of annual income needed for survivors
  • Amount needed to pay off all debt
  • College education expenses
  • Funeral and burial expenses

Q.What type of Medical Exam is required when applying for insurance?

A. – If you are purchasing LTC insurance or health insurance, an exam is generally not required. Life and disability insurance will require an exam completed by a paramedical company. The exam usually consists of a medical history interview and medical tests based on age and amount.

Q.What is financial planning?

A. – Financial planning is a comprehensive approach that addresses all areas of your financial life including investments, insurance, debt, mortgages, retirement, college planning and income needs. An effective plan involves using one advisor that can show you how these areas should all come together to help create success.

Q.Do I need to have large sums of money to use a financial planner?

A. – Our goal is to help you accumulate wealth and therefore we work with anybody interested in improving their financial situation.

Q.When should I start saving for my child’s education?

A. – The cost of education is alarmingly expensive. The sooner you start saving, the less impact it will have on your overall budget. SFA, LLC can show you many strategies to address this very important aspect of your financial plan.