OFS Financial Services Provides Insurance Services Along with Financial Planning

OFS Financial Services provides wealth management and financial planning services and support to help customers in a transparent, straightforward and honest manner. In 2015, Financial Advisor, Jason Andrew, started with OFS Financial Services as a registered advisor through OlyFed’s broker/dealer partner Cetera Investment Services LLC.

Andrew is proud to work with Client Services Coordinator Nicole (Nikki) Francis, who recently obtained her Washington life and health insurance licenses, and she is now able to help and support to new and existing clients with their life, long-term care, disability and annuity product needs.

“Life and health insurance products not only help protect you and your family from various risks,” Francis explains, “they can also play an important role in your long-term investment and savings strategies.”

“Major events such as the birth of a child, the purchase of a home or starting a business are examples of times in life when it makes sense to have a conversation about insurance products that can help protect you and those you care about most.” Francis shared that these same tools can also be used to build a legacy of strong financial values for your children and grandchildren.

Caring for the Community

Nikki Francis has only been with OFS Financial Services for a year and has already learned so much; but she’s not new to the field, having worked in the commercial insurance industry for the past decade. Moving to OFS Financial Services allowed her to work with Andrew advising and servicing clients with their insurance product needs, which is something she is very passionate about, she says.

Before she could provide clients with insight and support as it relates to these products, Francis went through extensive pre-training and many hours of studying to pass the state’s Life and Health Insurance exam. She continues to pursue learning beyond the education required to maintain the license. As the government makes regulatory updates and carriers innovate with product and service coverages, Francis is committed to staying abreast of industry updates and best practices to provide the highest level of client care.

Adding greater emphasis on insurance products and services is in response to a growing number of OFS Financial Services clients requesting help and support in this area of their financial planning portfolio. “With the changing economy, we are seeing an influx of requests for Life and Health-related insurance products from customers,” Francis explains. “With our local population growing and lifespans increasing, there is an expanding need for life and health insurance products. According to annuity.org, 50% of Americans don’t have life insurance. Life insurance plays a critical role in helping cover final arrangements, helping with the transfer of wealth and inheritance and with the lost income of a loved one. Life insurance takes the financial pressures off the grieving process.”

In fact, according to the Life Insurance Marketing and Research Organization (LIMRA), only 14% of Americans have disability coverage and only 10%  have long-term care coverage. However, 70% of Americans over the age of 65 will need long-term care, which according to Genworth averages more than $6,600 for in-home care and $9,700 a month for a semi-private room in a nursing home facility in Olympia.

“It’s our goal to work with families and local businesses to meet a very real need for coverage options,” Francis continued “Having a customized insurance plan plays a crucial role in providing peace of mind when it comes to your financial future.”

“We want to help as many people as we can throughout our area because of the growing costs of medical care and retirement,” Francis said. “As a resident of Thurston County, I have seen how much our local region has recently grown and as a mother of a young daughter, I also recognize how important it is to help protect people’s livelihood and to preserve their legacy for the next generation. I take the work we do very seriously and want to ensure the professional help and support we provide has a lasting and meaningful impact.”

OFS Financial Services is happy to review your goals, dreams and current plans and policy coverages and tailor a plan to best meet your needs, lifestyle and short and long-term objectives. Plus, they offer community financial planning classes for small businesses, professional groups, service clubs, nonprofits and local schools. Both Andrew and Francis are also available for a no-obligation appointment for a complete financial and insurance review. In the meantime, they welcome anyone with questions or inquiries to stop by their office at 303 Cleveland Avenue SE in Tumwater or call 360-596-9788. You can also email Nikki or Jason to learn more.