Insurance planning can include many areas of coverage, but most plans have a basic common denominator – the life expectancy of the insured.

Statistics show that the average life expectancy in America is 77 years of age. Interestingly, statistics also show that those who live to age 65 will average an additional 18 years, living to the age of 83. Women, on average, will exceed these numbers by 3-5 years.

Planning for this future includes increasing available funding to support a sustained and enjoyable retirement as well as protecting the assets you have from unforeseen losses. This can accomplished with an insurance plan that may include life, health, disability and long-term care insurance. In addition, given society’s increase for legal remedies, one must ensure adequate liability, personal and property insurance is also in place.

A professional advisor without an incentive to “sell” you a product can look out for your best interests in these situations.