One of the most important facets of financial planning is preserving all that you have worked so hard to build.
Fortunately, there are a number of ways to help manage risk when it comes to your financial plan. It just takes the right approach, a little discipline, and a lot of diligence to assess and prepare for the risks that could derail your life goals. Together, we can assess your risk, determine your level of comfort, and explore what actions and plans can provide the level of management you need and can count on. It’s about establishing a strategy and regularly reviewing — and adjusting — your portfolio, estate plan, and insurance policies so they meet your needs at every stage of your life.
HIGH-NET-WORTH INSURANCE AND RISK MANAGEMENT
Our team of Insurance Specialists can identify risks that could tremendously impair your financial situation. While it’s important to focus on what may go right with your situation, it’s also crucial to consider how you may be negatively impacted without protections in place. Cost effectively transferring risk to the deeper pockets of an insurance company may be prudent to minimize the financial damage of a catastrophic, unanticipated event.
Some of the ways we utilize insurance in the business and financial planning process include:
Life: Considers income replacement as well as business succession funding and estate planning through a vehicle which may be income and estate tax-free, if structured properly.
Long-Term Care: Provides financial support for Activities of Daily Living (ADLs) in respite care, adult day care, in-home care, assisted living, and nursing home care.