[Expert Views] Why health insurance should be your priority?

Today we are starting a new series on our blog post where we invite thought leaders from various industries to talk about health insurance from a different perspective and why having one makes so much sense? This series is one of its kind as we collaborate with financial advisors, doctors, chiropractors, fitness specialists, nutritionists, beauty and wellness experts, and the likes to provide you with essential tips and smart hacks to lead an aware, financially sound, and healthy lifestyle.

For our first guest post, we have the pleasure of interviewing Dave Czarnecki, Financial Advisor with Northwestern Mutual. He is a Certified Financial Planner, Chartered Life Underwriter, Chartered Financial Consultant, Retirement Income Certified Professional. He has assisted a diverse array of clients ranging from up and coming professionals, successful families, physicians, closely-held business owners, and retirees. He works virtually with clients all over the country leveraging technology.

Here we go with the Question and Answer session with Dave:

Question 1: With your experience, how much emphasis do people give to health-related investments when planning finances?

Dave’s response: In many cases, families procrastinate and wait too long to plan for protection/insurance planning for their family. Getting the proper personal insurance protections in place is foundational to a financial plan that you can continue to build upon as wealth grows.

Question 2: Do you think health insurance is a crucial part of financial planning? If yes, why?

Dave’s response: There are a lot of unknowns in life that are difficult if not impossible to self-insure and health expenses are no exception. Getting the proper health insurance in place to take this risk off the table is crucial.

Question 3: How do people benefit from taking advice from subject matter experts? (like financial advisors, health insurance agents, etc.)

Dave’s response: As with most things in life, people have limited time and energy to commit to their waking hours. People are busy and procrastination occurs and things that are important like finances get put on the back burner. I’ve found that it’s helpful to have accountability partners in different aspects of one’s life that we are trying to improve (we hire personal trainers to get in shape, nutritionists to eat healthier, insurance agents to plan health-related finances, financial advisors to improve our financial wellness, etc). It can be overwhelming to try to do everything ourselves but accountability significantly improves outcomes.

Question 4: Please share 1 best practice and 1 hack in helping people plan their finances better for a healthy lifestyle.

Dave’s response: SOMETHING is better than NOTHING and starting NOW is better than starting LATER. Often taking the first step towards financial wellness can be the most difficult but once folks get started they have much more financial peace of mind and confidence and it’s easier and easier to make additional progress over time.

We sincerely thank Dave Czarnecki for his very insightful answers.

Health insurance is crucial to financial wellness. Make the most of your money by investing in things that matter to you. Call us at 866–261–7104 to speak to one of our licensed agents and get a free, quality, personalized consultation.