Paula’s philosophy of a financial plan consists of three components – Protection, Accumulation and Retirement. A financial plan should provide a way to protect one’s family and provide a way to keep the family’s goals in tact if something unexpected happens. The plan should also be able to sufficiently provide for a person in retirement, while at the same time accumulating the money to be spent throughout one’s life. Paula’s practice specializes in long term care insurance, which provides an economic means to pay for long term care costs, which are averaging $88,000 a year and compounding at a rate of 5 percent per year. She works hard to design plans to fit her clients’ specific needs and abilities. As a long term care professional Paula has extensive knowledge in the cost of health care facilities, Medicare, medical costs, insurance companies and much more.
Paula’s goal is to help her clients have confidence and comfort knowing that they have a prepared plan for unexpected life events. She also assists other financial advisors and their clients with long term care and life insurance plans.