Is Your Insurance Costing You Your Retirement? LFG Daily - October 29, 2025

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Are You Over-Insured or Under-Insured? How It Can Impact Your Retirement

Insurance is one of those topics that people either ignore or overdo — and both extremes can cost you dearly. Whether it’s life insurance, disability, long-term care, or even property and casualty coverage, being either over-insured or under-insured can throw a wrench in your retirement plan. The goal isn’t to have the most insurance — it’s to have the right insurance for your stage of life, risk tolerance, and financial goals.

The Cost of Being Over-Insured

When you’re over-insured, you’re essentially paying for protection you don’t need. Many people buy large permanent life insurance policies early in their careers and keep them long after their financial situation has changed.By the time your kids are grown, your mortgage is paid off, and your investments have compounded for decades, that expensive policy might not make sense anymore. Those dollars could be redirected toward building your investment portfolio, funding your Roth IRA, or simply enhancing your lifestyle in retirement.

In retirement, every unnecessary expense eats into your income. Paying too much in premiums can reduce cash flow and lower the long-term return on your overall financial plan. In other words, being over-insured means you’re giving up opportunity cost — money that could be working for you elsewhere.

The Risk of Being Under-Insured

On the flip side, being under-insured can be even more damaging. If an unexpected health event, disability, or premature death occurs, it could derail your entire financial strategy.For example, without proper disability insurance, the loss of income during your peak earning years could force you to dip into retirement savings early — losing decades of potential growth. Similarly, lacking adequate long-term care coverage could result in six-figure expenses that drain your nest egg in just a few years.

Being under-insured means you’re taking on too much personal risk. You’ve worked your entire life to build wealth — don’t let one unexpected event undo years of smart decisions.

Finding the Balance

The key is strategic protection. Insurance should serve a specific purpose in your plan: to transfer risk that would otherwise jeopardize your financial independence.Here’s how to think about it:

• Early Career: Focus on income protection — life and disability insurance.

• Mid-Career: Review and adjust policies as your assets grow and debts shrink.

• Pre-Retirement: Shift focus toward long-term care planning and reducing unnecessary coverage.

• Retirement: Minimize insurance costs while keeping protection for health care and estate planning needs.

  
  

Final Thoughts

Insurance isn’t about fear — it’s about freedom. The right coverage gives you the confidence to take smart financial risks and enjoy your retirement without worry. But too much or too little coverage can both erode your wealth over time.

Don’t leave your financial future up to chance. Let’s build a plan that gives you confidence today and peace of mind for tomorrow. Click here to schedule a meeting — I’m here to help you take the next step toward financial freedom.

Colin Symons, CIO Lloyd Financial Group

Consumer Confidence was 94.6 vs. est. 93.2 and prev. 94.2.

The Richmond Fed index was -4 vs prev. -17, with Manufacturing still weak.

ADP launched a new weekly national unemployment report which showed the labor market has rebounded in October.

France proposed a national bitcoin reserve, where they would buy up to 2% of the bitcoin supply. Seems like more dream than reality, right now.

Narrow rally, yesterday, driven almost entirely by big tech. NVDA was more 2/3rds of the SPX move.

We also had VIX up stocks up, yesterday, which gets some people nervous, as it implies a lot of call buying, indicating a rush to add risk.

FOMC rate decision today, where an end to QT is expected, and huge tech earnings, tonight. BoJ also has a rate meeting.

What does it all mean? Very narrow rally, yesterday, with NVDA sucking the oxygen out of anything not AI-related. Will that rally broaden?

Don’t leave your financial future up to chance. Let’s build a plan that gives you confidence today and peace of mind for tomorrow. Click here to schedule a meeting — I’m here to help you take the next step toward financial freedom.

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This content is intended to provide general information about Lloyd Financial. It is not intended to offer or deliver investment advice in any way. Information regarding investment services are provided solely to gain an understanding of our investment philosophy, our strategies and to be able to contact us for further information.

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Past performance is no guarantee of future returns.

Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy will be profitable