by Richard Schlueter, Vice President Insurance Services, Wealth Enhancement Group

When planning your financial future it is not at all uncommon to spend considerable amounts of time, money and effort plotting a course. Specifically this often manifests itself in various analyses including cash flow projections, asset allocation, diversification, goal funding, and so on. The objective in all of this is to customize an approach that takes into account your personal circumstances so you can build the wealth necessary to fund your particular goals and dreams.

What can too often be overlooked is the protection aspect of planning for your future. When this is the case, I tend to refer to the aforementioned process as building "contingent wealth." Cash flow projections, asset allocation, and other financial information are all vital considerations when it comes to building wealth, but have contingencies been considered in your plan? In other words, has the death of a wage earner been considered? And what about a long-term care event?

While it is impossible to prevent many life-changing events, it is possible to insure that should such an event occur, the impact on the financial dreams of you and your family are minimized or eliminated. Wealth Enhancement Group prides itself on providing comprehensive protection services to assist you in turning contingent wealth into predictable wealth.