Building a strong foundation is pillar number one of our planning philosophy and nothing is more foundational than ensuring you and those you love the most are properly protected.
We will conduct a thorough review of any existing policies and perform a gap analysis to determine what your exact need is. Our goal is for you to have just the right amount of coverage in place. While it’s important to not overpay for insurance, it’s just as important to ensure that you are covered when the unexpected happens.
Risk management is essential to your financial plan. We’ll review your current situation to help determine what impact a premature death or disability would have on your financial plan so that we can bring as much certainty to your financial life as possible. Furthermore, it’s important to ensure proper titling of bank accounts. For example, in the state of Florida, TBE titling can be used to add additional layers of asset protection from creditors. Also, ensuring proper coverage limits on auto insurance is crucial to protect your assets in the event of legal action and provide creditor protection.
Your comprehensive risk management plan will include a deep dive and evaluation of the following:
Did you know1 that a 65-year-old couple in good health will need approximately $387,644 to pay for health-care costs for the remainder of their lifetime? Ensuring your health care needs now and in the future are in place is important. While some clients simply need us to help them better understand what benefits their employer offers, some clients need us to connect them to the right strategic alliances to put plans in place or help them navigate the Marketplace. Either way, our pre-retiree and retiree clients often need to address their Medicare coverage so, again, we’re here to educate and provide the proper introductions when necessary.
For those in their accumulation years, your ability to earn an income is actually your most valuable asset. A 35-year-old making $80,000 and retiring at 65, has a $3.5 million-dollar income potential.2 However, many times we find that our clients don’t really have a full understanding of the depth of support that income provides. Divide your life into four parts – Self, Family, Community and Career – then identify everything within each part that your income supports. You’ll start to realize that a lot relies on your income, perhaps even more than you first thought. Often times, our clients already have some insurance protection in place through an employer’s Group Long Term Disability (GLTD) benefits. But is your current GLTD coverage adequate for your needs? For example, are the GLTD benefits taxable? Does it cover bonuses? Are there monthly benefit caps? We will take the time to evaluate all of these questions to determine what is most appropriate for you and tailor it to fit your financial plan.
2. How much will I earn in my lifetime?, 2020. [Online]. Available: https://www.calcxml.com/calculators/ins07. [Accessed: 23-Oct-2020]
We don’t know about you, but auto, home and other types of property and casualty insurance can be confusing to understand. Let us complete a full review of your existing coverages to determine if your limits are in the appropriate thresholds or if adjustments need to be made. Do you know what coverage you have and what risk you may be taking on If you don’t have the right amount?
Basic automobile insurance is comprised of six different areas:
Basic homeowners’ insurance is comprised of four different areas:
For most of us, it is unpleasant to envision a time when performing routine tasks may become difficult as the result of injury, illness or aging. If the time comes when you need substantial assistance performing daily tasks, it is unlikely you will want cost to be the primary decision-making factor for your long term care. Long term care (LTC) services can be expensive and costs generally continue to rise. Planning early can help ensure that you have more control in receiving the type of care you want — in the setting you choose, should the need arise.
What is Long Term Care?
Long term care includes a variety of services and supports to help meet personal care needs over an extended period of time. The services include help performing Activities of Daily Living (ADLs), such as: bathing, continence, using the toilet, transferring to/from a bed or chair, dressing and eating. Long term care services are generally not covered under personal health insurance or Medicare because they are not intended to cure, improve or treat a specific medical condition. Medicaid may help individuals with income and assets below state requirements.
Whether long term care services occur in a nursing home, assisted living facility or your own home, the costs can be a huge expense. The average stay in a nursing home is 835 days (2.3 years) and $183,700. The national median hourly rate for a home health aide is $20 and that can add up quickly.
Potential Ways to Pay for Care
A variety of sources may be used when expenses do not qualify under Medicare or personal health insurance.
Making it Work
As you can see, there are many alternatives to consider when preparing for the possibility that you may need long term care. Generally, beginning early has advantages. First, at younger ages, you are more likely to be healthy and qualify for various types of insurance. Second, starting early means you may be able to meet your goal with lower installment savings amounts or annual premiums.
You don’t have to prepare for long term care expenses alone. Our Financial Professionals can review a variety of solutions that may help you meet your goals.
1 For more information regarding benefits provided by Medicare or Medicaid (Medi-CAL in California) visit www.cms.hhs.gov. Medicaid guidelines vary by state. Contact your local Medicaid office for details.
2 National Nursing Home Survey 2014, National Center for Health Statistics.
3 Cost of Care Survey, Genworth, June 2015.
Most small businesses need to purchase some type of business insurance. The following are the four most common types:
The type of business you are in will play a large part in determining what kind of insurance needs you have. Some are riskier than others and may need additional asset protection or specialized riders.
Umbrella insurance is a form of personal liability insurance that covers claims in excess of regular homeowners, auto or watercraft policy coverage. It generally covers injury to others or damage to their possessions; not the policy holders property. While this type of coverage is not always necessary, it is important to review other property and casualty coverage is to accurately determine what needs you may have for an umbrella policy.
Protecting the financial security of your family or business with life insurance Is a foundational piece in building a bulletproof financial plan. When we discuss life insurance needs with our clients , we take the time to provide a thorough capital needs analysis by evaluating – Readjustment fund needs , burial costs, existing debts , current or future mortgage needs , future education costs and A future income stream for the surviving individual.
Life insurance can provide much more than just death benefit protection, though. In some situations, owning a permanent life insurance policy can be a great retirement accumulation vehicle that provides additional tax advantages and efficiencies as well.
For our business owner clients, entity formation and organizational structure is a key component to minimizing your risk exposure and addressing tax implications. Our team will work in concert with any other strategic advisors (CPAs, Attorneys, etc) you may already have to ensure proper Corporate Resolution documents, by-laws and key employee retention strategies are in place and reviewed regularly.
Property & Casualty, Auto and home insurance is offered through a variety of quality insurance companies that are not affiliated with MML Investors Services, LLC.
Gambin Financial Group
127 North Magnolia Ave. Orlando, FL 32801
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Securities and Investment advisory services offered through qualified registered representatives of MML Investors Services. LLC. Member SIPC (www.SIPC.org) Supervisory Office: 5001 Louise Drive, Mechanicsburg. PA 17055 (717-791-3300) Gambin Financial Group is not a subsidiary or affiliate of MML Investors Services, LLC or its affiliated companiesCRN202301-270886
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Bernadette Girvin, a former LPGA Tour player and 10 year veteran in the financial services industry, is passionate about her role as Chief Operating Officer with Gambin Financial Group. In 2019, after 9 years as a solo-entrepreneur and financial advisor managing her own practice, she formally partnered with Claudio Gambin of Gambin Financial Group to open their own office in downtown Orlando.
Bernadette is leading the strategic growth vision of the firm, overseeing financial performance and helping ensure a first-class, exceptional client experience. It is a top priority of hers to always be asking the question, “what can we do better?”. “As a former professional athlete, the competitive side of me is always wondering how we can get better. Whether that’s in the planning we do for our clients to help them achieve financial security, the efficiency and thoroughness of our operational processes or in the growth and development of our staff.”
Bernadette graduated from Ole Miss in 2003 with a B.S. in Psychology while playing on the Women’s Golf Team. After graduating and then playing for 3 years on the LPGA Tour, she joined the financial industry and worked in several different capacities but ultimately fell in love with building out successful teams and helping organizations execute on their strategic vision. “Our Core Values at GFG are Gratitude, Integrity, Loyalty, Personal Growth and Personal Responsibility and we try to make sure these values influence every decision we make.”
Outside of work, Bernadette is a proud mom to her two children, Gates, 7 months, and Presley, 3. She and her husband, Charles (who are both Orlando natives), live in College Park and love their community.
Michelle Taylor is a third-generation Floridian, born and raised in West Palm Beach. She attended the University of Florida and Florida Atlantic University, where she received a B.S. in Business Administration and Marketing. After nearly a decade in the fashion industry, Michelle quickly shifted focus, becoming a top producing Financial Advisor in 2015 and building her own book of business and exceptional client relationships from the ground up. Michelle has been married to her husband, Jason, for 8 years and they live in Orlando with their two beautiful children, Beckett and Sloane, and their two dogs. The Taylors love to travel as a family and can be found enjoying the outdoors and the beautiful Florida beaches whenever possible.
Elizabeth was born in New Jersey and raised in Ponte Vedra Beach, FL. She attended the University of Central Florida, graduating Magna Cum Laude with a B.A. in Advertising /Public Relations and Political Science. She then attended Stetson University College of Law, where she earned her Juris Doctor, graduating Cum Laude with a Concentration in Elder Law. In 2012, she opened Palumbo & Bertrand, P.A. with her partner, Brian C. Palumbo.
Elizabeth focuses her practice on estate planning, probate, and guardianship issues, assisting clients in Florida, New York, and Pennsylvania. When she is not working, she enjoys spending quality time with her husband and three children.
Hi, I’m Yaritza!
Realtor, wife, mom of two, and a native Orlando girl who’s always up for baking parties, flowers, and Friends marathons!
I absolutely LOVE people and believe that you “bloom where you are planted” and want to make your home dreams come true! I genuinely believe in and work with integrity, transparency, and loyalty. When you have a Realtor who’s always thinking three steps ahead, engaged 24/7 on your behalf, and looking out for your best interests, those dreams will become a reality.
That’s why my mission is to deliver an all-inclusive experience that simplifies the home buying and selling process and is done with love, style, and grace.
As your Realtor, I am wholeheartedly dedicated to making your real estate dreams come true while fully believing that a home is where dreams can blossom.
Contact me at the Bloom Home Group! I would love to meet you in person and learn more about you and how I can help.
Tina has a Bachelor of Science in Sociology from The University of Central Florida and is a licensed life and health agent. Tina contributes 20 years of employee benefits experience focused on innovative strategy and solutions that help employers achieve financial and human capital goals and objectives.
Born in Orlando, Tina has been married to Will since 2007 and has beautiful twin sons.
Tina shares a passion for advocacy, servant leadership and education.
Suzanne Meehle is the founder and managing shareholder of Meehle & Jay P.A. For over a decade, her practice has focused on the needs of small to medium-sized businesses, emerging business sectors, non-profits, and start-ups. Her services include business entity selection and formation, employer representation, intellectual property and trade secret protection, buy/sell agreements, business litigation, and all manner of business contracts.
Suzanne has a special affinity with technology services clients thanks to a 12-year career in the healthcare software industry before entering law school. To put it simply, she speaks geek. Her clients include custom app developers, game developers, AR/VR developers, engineering firms, biometrics companies, and IT service providers. In addition, she serves a number of clients in non-profits, entertainment businesses, healthcare services, and even other law firms.
Suzanne often teaches continuing legal education classes on legal technology, ethics, e-discovery, and business law. In addition, Suzanne has taught courses on Representing Small Businesses at Solo Practice University and eDiscovery at her alma mater, Barry University School of Law. Suzanne is a member of Women’s Executive Council and serves as a board member for both the Better Business Bureau and Hope and Help.
She loves walking her dogs, Mack and Bentley, cooking, sailing, scuba diving, and when she gets the opportunity, sleep.
Dazi Lenoir (Lyons) the president and owner of The Lenoir Insurance Agency, a WE Insure Agency in Kissimmee, Florida. The Lenoir Insurance Agency specializes in providing product solutions for all your insurance needs with personalized service. With access to over 150 carriers, The Lenoir Insurance Agency can help with nearly any insurance need. Mrs. Lenoir Lyons was also a founding and managing partner of Lyons & Lenoir LLC (now Lyons Legal, LLC), a boutique law firm that specializes in personal injury, car accidents and wrongful death litigation. She began her legal career concentrating on personal injury and wrongful death litigation with the Parks & Crump law firm of Tallahassee, where she litigated and settled her first $1 million case. She later practiced for a personal injury firm in Orlando, where she served as a pre-suit attorney
A two-time graduate of Florida State University, Mrs. Lenoir Lyons earned a bachelor’s degree in English literature with a concentration in business in 2002 and a master’s degree in sports administration in 2003.
As a student at FSU, she was elected the 2001 Homecoming Princess. In addition, she was initiated a member into the Zeta Omicron Chapter of Alpha Kappa Alpha in the Spring of 2000. Mrs. Lenoir Lyons is a life member of the FSU Alumni Association and has been a member of the Florida State University Alumni National Board of Directors since 2017. She served as secretary for the 2019-2020 board year. In 2020, Mrs. Lenoir Lyons was elected as vice chair and will eventually serve as Chair of the Board for the 2022-23. She is also a member of the FSU Presidential Search Committee formed to locate a replacement for Florida State’s current President John Thrasher. Dazi is a member of the Psi Theta Omega Chapter of Alpha Kappa Alpha and serves as the scholarship chairperson. Mrs. Lenoir Lyons is also an AV-Preeminent Rated attorney with Martindale-Hubble and was selected to the as a 2019 Super Lawyers “Rising Star.” The designation of Rising Star is reserved for those attorneys under 40 years old or in practice for 10 years or less, includes no more than 2.5 percent of attorneys in Florida. Mrs. Lenoir Lyons is a member of the African American Chamber of Commerce of Central Florida where she is the President of the chambers Kissimmee LEADS Group. She is also a member of the St. Cloud Chamber of Commerce where she serves as a Chamber Ambassador.
Mrs. Lenoir Lyons is married to Attorney Jarian N. Lyons. She and Jarian have a beautiful family of four, including Nasir (10), Madelyn (8), Lena (7) and Russell (5). They reside in Harmony, Florida.