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This is a sample client, created for illustration purposes. Interested in partnering with Java Wealth?
OVERVIEW
OVERVIEW
last reviewed on 12/01/2023
HEALTH INSURANCE
Status: DONE ✅
Action step: n/a
LIFE INSURANCE
Status: RECOMMENDED ACTION ⚠️
Action step: Sonya to elect additional life insurance via benefits enrollment + James to request an individual quote. See section for details.
DISABILITY INSURANCE
Status: RECOMMENDED ACTION ⚠️
Action step: Elect additional LTD insurance via benefits enrollment. See section for details.
HOMEOWNERS INSURANCE
Status: DONE ✅
Action step: n/a
AUTO INSURANCE
Status: RECOMMENDED ACTION ⚠️
Action step: Get quotes for additional coverage. See section for details.
UMBRELLA INSURANCE
Status: RECOMMENDED ACTION ⚠️
Action step: Get quotes for a $1M umbrella insurance policy
Insurance helps protect your assets or your income at all life stages, for example:
Health insurance to cover your medical expenses
Life insurance to help your family pay the bills if you die early
Disability insurance if you get sick or injured and are unable to work
Homeowners insurance to help repair your home and replace your possessions after a disaster
Auto insurance to fix your car after an accident
Umbrella insurance to provide extra liability coverage
HEALTH INSURANCE
HEALTH INSURANCE
CURRENT COVERAGE OPTIONS
High-Deductible Health Plans
Your company contributes $1,000 to your HSA
For 2024, you are able to contribute another $7,300/yr to your HSA
PPO Plan
Many visits are covered through a $40 copay
BENEFITS BROCHURE
RECOMMENDATION
Opt for the $4,500 High-Deductible Health Plan
Contribute $7,300 via payroll deduction to your HSA
LIFE INSURANCE
LIFE INSURANCE
RECOMMENDATION
Sonya
Request a quote for additional $0K-$500K of 10-15 year coverage
Elect additional $100K of voluntary life through your employer
James
Request a quote for $0-$200K of 10-15 year term coverage
This one will kick off the request for a broker to shop for policies among several carriers
This one is very streamlined, but may be a little more expensive
LONG-TERM DISABILITY INSURANCE
LONG-TERM DISABILITY INSURANCE
RECOMMENDATION
Sonya
Elect additional voluntary LTD through your employer
James
Request individual LTD quote for additional coverage
HOMEOWNERS INSURANCE
HOMEOWNERS INSURANCE
CURRENT COVERAGE
Dwelling: $712,800
Personal Property: $350,000
Liability: $500,000 per occurrence
Deductible: $1,000
PREMIUM: $3,000 per 12 months
RECOMMENDATION
Coverage is sufficient ✅
Plan to review with your insurance agent at renewal time
AUTO INSURANCE
AUTO INSURANCE
CURRENT COVERAGE
Bodily Injury: $30,000 per person / $60,000 per accident
Property Damage: $25,000 per accident
Uninsured Motorist: $30,000 per person / $60,000 per accident
Deductible: $1,000
PREMIUM: $750 per 6 months
RECOMMENDATION
Coverage amounts are low across the board. Consider getting a quote for the following:
Bodily Injury: $250,000 per person / $500,000 per accident
Property Damage: $100,000 per accident
Uninsured Motorist: $250,000 per person / $500,000 per accident
UMBRELLA INSURANCE
UMBRELLA INSURANCE
CURRENT COVERAGE
General Liability: $0
RECOMMENDATION
Does your total liability coverage cover your net worth?
Consider getting a $1M umbrella policy
Requires the recommended increases in your auto policy
REFERENCE
REFERENCE
HEALTH INSURANCE COMPARISON
HEALTH INSURANCE COMPARISON
LIFE INSURANCE NEEDS ANALYSIS
LIFE INSURANCE NEEDS ANALYSIS
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