Protecting What Matters Most

Life insurance, disability insurance, and long-term care insurance address three of the most significant financial risks a family can face: premature death, loss of earning capacity, and the cost of extended care. Yet these coverages are among the most commonly under-reviewed components of a financial plan.

At Financial Planning Hawaii, we conduct an objective, commission-free review of your existing life, disability, and long-term care coverage. We analyze whether the amount of coverage, the type of policies, and the specific provisions are appropriate given your income, obligations, family structure, and long-term financial goals.

Life Insurance: How Much Is Enough?

The amount of life insurance you need depends on your income replacement needs, outstanding debts, future obligations (children's education, a surviving spouse's retirement), and existing assets. We run a detailed needs analysis rather than relying on simplistic rules of thumb like "10 times your income."

Disability Insurance: Protecting Your Paycheck

Your ability to earn income is your most valuable financial asset. We review your employer-provided disability coverage — which often replaces only 60% of salary and may have significant limitations — and evaluate whether supplemental coverage is needed.

Long-Term Care: Planning for Extended Care Needs

With the average cost of nursing home care exceeding $100,000 per year nationally and considerably higher in Hawaii, long-term care planning is essential. We review existing coverage and help clients evaluate their options, including traditional long-term care insurance, hybrid life/LTC policies, and self-insuring strategies.

A Common Misconception

Many employees assume their employer-provided life and disability insurance is sufficient. In reality, employer group coverage often has significant limitations — including lower benefit amounts, taxability of benefits, and loss of coverage when you change jobs.

30+
Years of Insurance Analysis
$100K+
Average Annual LTC Cost in Hawaii
60%
Of Working Adults Lack Disability Coverage
100%
Objective — No Commissions
What We Cover

Our Insurance Review Covers

We evaluate all aspects of your life, disability, and long-term care coverage within the context of your complete financial plan.

Life Insurance Needs Analysis

We calculate your actual coverage need based on income replacement, debt payoff, education funding, and survivor's retirement — not arbitrary multiples.

Disability Income Analysis

We review employer-provided coverage, assess its limitations, and determine whether supplemental individual disability insurance is warranted.

Long-Term Care Planning

We evaluate the cost of care in Hawaii, review existing LTC policies, and model self-insuring vs. insurance-based strategies.

Policy Provision Review

We examine specific policy provisions — elimination periods, benefit periods, inflation riders, definitions of disability — that significantly affect coverage quality.

Premium Assessment

We evaluate whether you are paying appropriate premiums for the coverage you have and identify potential savings or reallocation opportunities.

Family Protection Plan

We integrate your insurance coverage with your estate plan, Social Security survivor benefits, and investment portfolio to build a comprehensive protection strategy.

How It Works

Our Review Process

 
1

Policy Collection

We gather all life, disability, and long-term care policy documents and employer benefits summaries.

2

Needs Analysis

We calculate your actual insurance needs based on your income, obligations, assets, and family structure.

3

Coverage Gap Analysis

We compare existing coverage against calculated needs to identify gaps or excess.

4

Written Findings

You receive clear recommendations including coverage amounts, policy types, and specific provisions to look for.

5

Implementation Guidance

While we do not sell insurance, we can help you understand what to look for and questions to ask when shopping for coverage.

Insurance Protection Checklist

Evaluate your current protection coverage:

 

Life insurance coverage based on a detailed needs analysis (not just a multiple of income)

 

Disability insurance covers at least 60% of gross income

 

Reviewed employer disability policy limitations and exclusions

 

Long-term care plan in place (insurance, self-funding, or hybrid approach)

 

Policy beneficiary designations current and aligned with estate plan

 

Insurance coverage reviewed within the last 3 years

 

Evaluated hybrid life/LTC policies as an alternative

 

Group vs. individual coverage comparison completed

Common Questions

Frequently Asked Questions

Get answers to common questions about our insurance review services.

Do you sell life or disability insurance?
No. Financial Planning Hawaii provides objective insurance reviews with no commission incentive. We help you understand what you need and what to look for, but we do not sell insurance products.
How do you calculate how much life insurance I need?
We use a detailed needs analysis that accounts for income replacement, outstanding debts (mortgage, loans), future education costs, a surviving spouse's retirement needs, final expenses, and existing assets and coverage.
What is the difference between group and individual disability insurance?
Group disability through your employer is typically more affordable but often has lower benefit limits, may not cover bonuses or commissions, and is not portable if you leave. Individual policies offer more comprehensive coverage and are owned by you regardless of employment.
When should I consider long-term care insurance?
Most financial planners recommend evaluating long-term care coverage in your 50s to early 60s, when premiums are still relatively affordable and you can still qualify medically. Waiting too long increases the risk of being declined for coverage.
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