🔍Unlock Hidden Wealth, Safeguard Your Future...
This week, we’re looking ahead: how to future-proof your insurance coverage, what to do with “found money” before it slips away, and a reader’s question on using life insurance for estate planning when you’re not ultra-wealthy.
The Wealth Minute
Future-Proofing Your Insurance CoverageLife changes fast — and so do the products and riders available in the insurance market. What was “best in class” five years ago may now be overpriced or missing features like chronic-illness or accelerated-benefit riders.
As the industry evolves, it’s important to periodically evaluate not just your coverage levels but also the policy type and carrier.
If you’ve experienced a major life event, had a substantial jump in income, or your kids have become independent, your current coverage may either be insufficient or unnecessarily expensive.
The goal is to align your policies with your current and future obligations, not just keep paying premiums out of habit.
Term vs. Cash Value: Term life insurance provides pure protection for a set period at the lowest cost — but it expires at the end of the term with no residual value.
​Cash value (or “permanent”) policies last a lifetime as long as premiums are paid, build tax-deferred/tax free savings inside the policy, and may include options like policy loans.
Both have the option of living benefits. ​
Many high earners start with term because it’s affordable during high-debt, high-income years, and later layer in or convert to permanent coverage for long-term planning.
Reviewing which type you hold — and whether it still fits your goals — is one of the most powerful moves you can make this month.
Why It Matters:
Insurance is a living part of your wealth strategy.
A quick review now can save thousands in premiums, improve benefits, or free up cash for other goals.
Bottom Line:
Don’t let inertia cost you money or flexibility — a proactive review today can keep your protection (and premiums) optimized for tomorrow.
Wealth Moves
Make a list of every life insurance policy you own and classify it as term or permanent/cash-value.
If you have cash value policies, request an in-force illustration from your carrier to see how each policy is performing.
​Schedule a financial forecast session to review your coverage.
The Freedom Path
Find & Redirect “Found Money”
I tell my clients that I help you find money that you are losing unknowingly and unnecessarily. The key is what to do with it once you find it.
Instead of letting that money get absorbed into everyday spending, earmark it for a specific high-impact goal like building your emergency fund, pre-paying holiday expenses, or adding to a retirement account.
This approach gives you the psychological lift of a “raise” without needing to earn more.
It also helps keep your cash flow flexible and aligned with your priorities, so you’re less tempted to dip into savings or add debt later in the year.
Why It Matters:
Small amounts of freed-up cash, when captured immediately, can become powerful accelerators toward your goals, or quietly disappear if you’re not intentional.
Bottom Line:
Treat every dollar of “found money” like a mini-bonus and assign it a job before it vanishes.
Wealth Moves
Review your bank and credit card statements for any discontinued payments or lowered bills.
Decide in advance where you’ll reallocate those dollars (emergency fund, debt payoff, holiday fund). Consider using a sinking fund to hold them.​
Automate the transfer so the “found money” leaves your checking account before you can spend it.
Book of The Month
This month's book is The 5 Types of Wealth by Sahil Bloom.​
Join me as we learn to live a well rounded wealthy life.
Coffee Chat Question
If we were to meet for coffee, what would you want to know?
Feel free to email me questions that will anonymously be added to this section during each edition.
A family member said I should have a term policy that covers the mortgage. Should I?Short answer...yes.
Your mortgage is often your biggest monthly obligation. If one spouse passes away unexpectedly, the surviving spouse could lose not just an income stream but also the ability to stay in the home you created together.
A term life policy sized to pay off the remaining mortgage balance gives your family breathing room at the worst possible time.
Imagine a couple with a $400,000 mortgage and both incomes supporting the payment. Without life insurance, the surviving spouse may be forced to sell the home quickly, often at a loss, just to stay afloat financially.
But if a term policy pays off the mortgage, that spouse can remain in the home, avoid a distressed sale, and keep children in the same school district, all while figuring out next steps without panic.
Term insurance is inexpensive relative to the coverage it provides, especially when you’re younger and healthier.
By matching the policy’s term length and face amount to your mortgage, you’re essentially locking in a financial safety net for as long as the debt exists.
If you’d like to see how a mortgage-protection strategy, my free guide walks you through the Mortgage Protection Insurance (MPI) concept in plain language.
It will show how different coverage types fit together and when each makes sense.
Why It Matters: A mortgage payoff term policy transforms a potential financial crisis into a manageable transition. It keeps your loved ones from being forced out of their home or draining savings at a vulnerable time.
Bottom Line: If you have a mortgage and a partner or family depending on your income, a term policy covering the balance is one of the simplest, highest-impact protections you can put in place.
Calculate your current mortgage balance and monthly payment.
​Read my free guide to understand how mortgage-protection term coverage can complement other insurance and wealth-building strategies.
​Schedule a free MPI intake session if you're ready to get your coverage started.
Reach out if you need more.
Your Six-Figure Income Deserves a Six-Figure Plan...
One of my current clients is a 61-year-old high earner who needed a plan to relocate without selling her condo because her adult son will continue to live in it.
She reached out before another year slipped by, and now we’re building a clear, confident path for her money.
If you know this is your moment to finally get control of your finances — not someday, but now — book your complimentary Wealth Strategy Breakthrough Call and let’s map out your next 12 months.
