What do you do when a single line in your medical record suddenly makes life insurance feel out of reach? I’m Jeremy Riggs, certified financial planner at Base Wealth Management. Yesterday, I met with a young family who found one routine note, tobacco use, and their quote jumped. They’re already cutting back. Blood pressure is trending down, but they need protection now for their family.
Here’s the bridge we built. If the market dropped 20% tomorrow, do you know what that could do to your portfolio and how you’d feel about it? If you’re not sure, click the link below to schedule a portfolio risk review. We’ll take a straightforward look at what you own and see if the amount of risk you’re taking still fits your timeline and goals. Now, back to the video.
We scaled the death benefit back to a premium that fits today’s budget and used a shorter term with robust living benefits. So there’s coverage in place while health improves. Then we put a date on the calendar. In 12 months, once the doctor has documented a full year smoke-free, we go back to underwriting and shop for a lower cost or a larger benefit at better rates. One policy in force, one reminder set, and one clear path to reduce premiums as the health picture improves. Financial planning isn’t always about the perfect product. It’s about building a plan and a path from where you are to where you’re headed.
