Insurance Planning

Protecting What Matters Most is the Foundation of a Strong Financial Plan.

At McPherson Financial Partners (MFP), we help you understand your risks, identify potential gaps, and designs coverage that supports your overall financial strategy. Our insurance planning services include life insurance, disability income protection, and long term care solutions for individuals and families.

Life Insurance

A Critical Tool for Family Protection, Income Replacement & Legacy Planning

Life insurance provides critical financial support when it’s needed most. Whether you’re looking to replace lost income, pay off debts, protect your family, or leave a legacy, we help you evaluate the right type and amount of coverage.

Term Life Insurance

Protection for a specific period—simple, effective, and affordable.

Term life insurance is ideal for temporary needs such as covering income during your working years, protecting a mortgage, or supporting young families.

Key Features

• Low, cost effective premiums
• Coverage for a specified term (e.g., 10, 20, or 30 years)
• Conversion options to permanent insurance (varies by policy)
• Coverage ends when the term expires unless renewed or converted

Permanent Whole Life Insurance

Lifetime protection with guaranteed values and long term financial strength.

Whole life insurance provides lifelong coverage and builds cash value that grows tax deferred. It can complement retirement planning, estate strategies, and wealth transfer goals.

Key Features

• Lifetime guaranteed coverage
• Guaranteed level premiums
• Cash value accumulation at a guaranteed rate
• Eligibility for dividends (not guaranteed) that can enhance the policy’s growth

• Useful for estate planning, final expenses, and stable long-term protection

Permanent Universal Life Insurance

Flexible, customizable coverage that adjusts with your life.

Universal life insurance offers lifelong protection with flexible premiums and adjustable death benefits, making it one of the most versatile insurance options.

Key Features

• Flexible premium payments
• Adjustable death benefit options (level or increasing)
• Potential cash value growth based on credited interest
• Minimum interest rates and maximum policy charges are guaranteed
• Investment component available depending on policy type (e.g., Indexed UL, Variable UL)
• Death-benefit guarantees vary by contract

Disability Income Insurance

Protecting Your Most Valuable Asset, Your Ability to Earn an Income

Your income is the foundation of your financial life. If an unexpected illness or injury prevents you from working, disability income insurance provides the financial support needed to maintain your lifestyle, pay bills, and protect your long-term goals.

Why It Matters

• Most disabilities are caused by illness—not accidents
• Employer-provided coverage is often insufficient
• Personal DI coverage is portable and tailored to your occupation
• Benefits help protect savings, retirement contributions, and debt obligations

We help you evaluate the right policy structure, waiting period, benefit period, and riders based on your income, career, and financial responsibilities.

Long Term Care Insurance

Planning for Extended Care Needs, While Protecting Your Assets

Long term care insurance provides financial support when you need assistance with daily living activities or require extended medical or custodial care. This type of care can be provided at home, in an assisted living facility, or in a nursing center.

Why It’s Important

• Long term care costs are significant and rising
• Health insurance and Medicare provide limited long-term care coverage
• Policies help protect retirement assets and reduce family caregiving burdens
• Coverage ensures you have choices and control over where and how you receive care