services we provide
Risk Management
Understanding Risk
vs. Volatility
From there, we gather your goals, review existing coverage and income sources, and stress‑test your plan to identify gaps. Then we recommend tailored solutions and coordinate implementation so your strategy aligns with your unique circumstances. Below are some of the tools we may use to address these risks.
Disability Insurance
Disability insurance protects your most important asset—your income—if an illness or injury keeps you from working. The risk is more common than many expect: roughly 1 in 4 20‑year‑olds will experience a disability before retirement, about a third of workers face a short‑term disability of 90 days or more, and the average claim lasts around 13 months. Disabilities contribute to far more mortgage foreclosures than death, yet only about 40% of workers have coverage.
We help you think beyond market volatility to the practical question: how will your mortgage, bills, and everyday expenses be paid if your paycheck stops? Our review looks at employer plans and individual policies, including benefit amount and duration, elimination periods, “own‑occupation” definitions, riders (such as residual/partial disability and cost‑of‑living adjustments), portability, and the tax treatment of benefits—so coverage aligns with your actual needs.
As part of our risk management process, we audit your existing protection, identify gaps, and recommend right‑sized solutions that integrate with your broader plan and cash reserves. Then we coordinate the details—from carrier selection to underwriting—so you’re protected with clarity and confidence. Sources: Council for Disability Awareness; National Endowment for Financial Education.
Long Term Care Insurance
Long-term care insurance helps protect your lifestyle and savings from the high cost of extended care that traditional health insurance and Medicare often don’t cover. Many Americans will need some level of care in later life, with out-of-pocket costs averaging around $140,000 per year. While most people require care for less than two years, approximately 14% need care for five years or more—an extended need that can quickly erode assets.
While there are many choices and ways to structure a solid long‑term care plan, we make the decision simple. We listen to your goals, outline clear options (traditional and hybrid policies), explain trade‑offs in plain language, and right‑size benefits and inflation protection to fit your budget. We design coverage to complement your other resources—Social Security, pensions, investments—so you’re protected without overinsuring.
From there, we assess potential care scenarios, review any existing coverage, compare carriers, and coordinate implementation and tax considerations within your overall financial plan. We revisit the strategy over time to keep it aligned as your needs evolve. Sources: Urban Institute; U.S. Department of Health and Human Services.
Life Insurance
Life insurance protects the people and priorities that depend on you. It can replace income to cover everyday expenses and debts, create a legacy for loved ones or philanthropy, and, when appropriate, provide tax‑advantaged cash value you may access later in life. While 54% of U.S. adults own life insurance, about 41% rely only on group coverage—which is often insufficient and not portable.
Because there are many ways to structure coverage, we make the decisions clear and manageable. We start with your goals and time horizon, size the right amount of protection, and compare term and permanent options (such as whole and universal life) along with relevant riders. We explain costs, guarantees, and flexibility in plain language and coordinate coverage with your employer benefits, estate plans, and tax considerations.
From there, we review any existing policies for performance, ownership, and beneficiaries; identify gaps; evaluate laddering and conversion opportunities; and implement a solution that fits your budget. We monitor over time—adjusting as income, family needs, and interest rates change—so your coverage stays aligned with your overall plan. Sources: LIMRA.
Our Mission is Clear
If we can provide you with better coverage after reviewing your personal situation, we will show you our plan. If your coverage meets your needs and is through a quality carrier at a better price, we will advise you to keep that coverage. All insurance review services are complimentary. We will not offer solutions that are not in the best interest of the people we serve.
Services We Provide
Stages of Financial Planning
84 Plantation Dr.
Paducah, KY 42001
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Office Hours
Monday - Thursday
8:00AM - 4:00PM
Friday
8:00AM - 3:00PM
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Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC. Knight Wealth Advisors is not a registered broker/dealer. Please note that not all of the investments and services mentioned are available in every state.
Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Links are being provided for information purposes only. FINRA/SIPC