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Phase #1: Protect Income & Initial Savings

Partner | CERTIFIED FINANCIAL PLANNER™ | Wannabe Pickleball Pro



For this first phase I want to focus on setting an initial savings goal and get you thinking about income protection and life insurance. 

To make things more interesting, I am covering the first phase from the top of the Jasper Sky Tram in Alberta, Canada. If you haven't taken a trip to Jasper, put it on your list! We even got to see Grizzly bear 222 and her two cubs (not so little when we saw them) - famously known for surviving the forest fires by tucking themselves into a wet spot by the Athabasca River. 

Some highlights: 

  • Own-occupation disability insurance ideally sized to replace expenses and lost savings—pay attention to group policy limits and use private insurance to fill any gap.
  • Term life insurance limits aligned with your family’s needs.
  • Umbrella liability insurance to guard against claims that exceed current policy limits.
  • Build your emergency fund: save 3 months of essential living expenses in a high-yield savings account and automate contributions - this is in the first phase - we will get to additional savings in a future phase 

In my next video we will cover some initial retirement savings steps. 
Subscribe to my newsletter for more financial tips, and if you would like personized advice, feel free to reach out to schedule an appointment. 

-Paul

©2025 Prime Capital Financial. The views and information contained herein are (1) for general educational or informational purposes only, (2) are not to be taken as a recommendation to buy or sell any investment, and (3) should not be construed or acted upon as investment or tax advice. The information contained herein was obtained from sources we believe to be reliable but is not guaranteed as to its accuracy or completeness.

Investing involves risk. Investors should be prepared to bear loss, including total loss of principal. Diversification does not guarantee investment returns and does not eliminate the risk of loss. Past performance is no guarantee of comparable future results. No guarantees expressed or implied.  Investments will fluctuate and when redeemed may be worth more or less than when originally invested.  Fixed insurance and annuity product riders, features, and guarantees are subject to the claims paying ability of the issuing company.  This information does not constitute legal advice. Prime Capital Financial and its associates do not provide legal advice. Individuals should consult with an attorney regarding the applicability of this information for their situations. 

Advisory products and services offered by Investment Adviser Representatives through Prime Capital Investment Advisors, LLC (“PCIA”), a federally registered investment adviser. Tax planning and preparation services are offered through Prime Capital Tax Advisory. PCIA: 6201 College Blvd., Suite 150, Overland Park, KS 66211. PCIA doing business as Prime Capital Financial | Wealth | Retirement | Wellness | Family Office | Tax Advisory.

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