Insurance & Risk Management

Insurance & Risk Management

Insurance is a risk management tool that provides financial protection against potential losses or damages.  It involves transferring the risk of certain events or circumstances to an insurance company in exchange for payment of premiums.  Insurance policies cover a wide range of areas, including life, health, property, liability, disability, and long-term care.

As a wealth management firm, our role is to assist you in identifying your insurance needs and developing insurance strategies that align with your financial planning.  Insurance is a foundational piece to how our firm can help you protect your assets and facilitate our aim of successful plan:

Insurance is a risk management tool that provides financial protection against potential losses or damages.  It involves transferring the risk of certain events or circumstances to an insurance company in exchange for payment of premiums.  Insurance policies cover a wide range of areas, including life, health, property, liability, disability, and long-term care.

As a wealth management firm, our role is to assist you in identifying your insurance needs and developing insurance strategies that align with your financial planning.  Insurance is a foundational piece to how our firm can help you protect your assets and facilitate our aim of successful plan:

Insurance Needs Assessment

Our wealth management team assesses your insurance needs by evaluating your financial situation, goals, and risk tolerance.  This involves analyzing factors such as your income, assets, liabilities, dependents, health status, and future financial obligations. By understanding your unique circumstances, our firm determines the appropriate types and amounts of insurance coverage required.

Insurance Coverage

We recommend appropriate insurance coverage to mitigate specific risks. This often involves us working with specialized professionals with expertise in various types of coverage such as homeowners, auto, life, disability, health insurance (including Medicare and Medicaid) and long-term care insurance.

Life Insurance

Our firm helps you evaluate the need for life insurance and select the most suitable policy.  This includes determining the coverage amount based on your financial obligations, such as mortgages, debts, income replacement, and future expenses.  Our team provides guidance on term life insurance or permanent life insurance options, such as whole life or universal life, considering factors such as cost, flexibility, and cash value accumulation.

Health Insurance

Our wealth management firm assists you in navigating health insurance options to ensure adequate coverage for medical expenses.  This includes evaluating different health insurance plans, such as employer-sponsored plans, individual plans, or government programs.  Our team helps clients understand the terms, costs, coverage limits, and provider networks associated with each option.  Along with your other options for medical insurance coverage, we help you through Medicare enrollment as well as review your annual elections to make sure you are always on the best plan for you.

Property & Liability Insurance

Our firm helps you protect your valuable assets by working with your P&C agent in assessing your property and liability insurance needs.  This includes evaluating homeowners or renters insurance, automobile insurance, and umbrella liability insurance.  Our team provides guidance on appropriate coverage levels, deductibles, and policy provisions to mitigate the financial impact of property damage, theft, accidents, or lawsuits.

Disability Insurance

Our wealth management firm assists you in evaluating the need for disability insurance, which provides income replacement in the event of a disability or injury that prevents you from working.  Our team helps you understand the different types of disability insurance, such as short-term or long-term disability, and guides you in selecting appropriate coverage based on your occupation, income level, and risk tolerance.

Long-Term Care Insurance

Our firm helps you plan for your potential long-term care needs by assessing the suitability of long-term care insurance.  This coverage helps cover the costs associated with nursing home care, assisted living, or in-home care services.  Our team evaluates your health status, age, family history, and financial resources to determine if long-term care insurance is appropriate and assists in selecting the most suitable policy.  We also examine other potential strategies to insulate you and your family from the costs of needing LTC, such as working with legal counsel to shelter assets in a trust or other strategies like structuring for Medicaid eligibility.

Business Continuity

We help business owners mitigate risks related to the continuity of your business in the event of unexpected events like the death or disability of key employees. This can include strategies like key person insurance or buy-sell agreements.

Ongoing Policy Review

Our wealth management team conducts regular reviews of your insurance policies to ensure they remain up to date and aligned with your evolving needs.  This involves assessing changes in your financial circumstances, family dynamics, or legal obligations that may require adjustments to your insurance coverage.  Our firm helps you make informed decisions about policy modifications, additions, or cancellations based on your changing circumstances.

Claims Assistance

In the event of a loss or damage covered by insurance, our firm assists you in navigating the claims process.  This includes providing guidance on filing claims, coordinating with insurance companies, and ensuring prompt and fair resolution of claims.  Our team supports you throughout the claims process, advocating for your best interests and helping you or your heirs receive the benefits you are entitled to.

 

Insurance Needs Assessment

Our wealth management team assesses your insurance needs by evaluating your financial situation, goals, and risk tolerance.  This involves analyzing factors such as your income, assets, liabilities, dependents, health status, and future financial obligations. By understanding your unique circumstances, our firm determines the appropriate types and amounts of insurance coverage required.

Insurance Coverage

We recommend appropriate insurance coverage to mitigate specific risks. This often involves us working with specialized professionals with expertise in various types of coverage such as homeowners, auto, life, disability, health insurance (including Medicare and Medicaid) and long-term care insurance.

Life Insurance

Our firm helps you evaluate the need for life insurance and select the most suitable policy.  This includes determining the coverage amount based on your financial obligations, such as mortgages, debts, income replacement, and future expenses.  Our team provides guidance on term life insurance or permanent life insurance options, such as whole life or universal life, considering factors such as cost, flexibility, and cash value accumulation.

Health Insurance

Our wealth management firm assists you in navigating health insurance options to ensure adequate coverage for medical expenses.  This includes evaluating different health insurance plans, such as employer-sponsored plans, individual plans, or government programs.  Our team helps clients understand the terms, costs, coverage limits, and provider networks associated with each option.  Along with your other options for medical insurance coverage, we help you through Medicare enrollment as well as review your annual elections to make sure you are always on the best plan for you.

Property & Liability Insurance

Our firm helps you protect your valuable assets by working with your P&C agent in assessing your property and liability insurance needs.  This includes evaluating homeowners or renters insurance, automobile insurance, and umbrella liability insurance.  Our team provides guidance on appropriate coverage levels, deductibles, and policy provisions to mitigate the financial impact of property damage, theft, accidents, or lawsuits.

Disability Insurance

Our wealth management firm assists you in evaluating the need for disability insurance, which provides income replacement in the event of a disability or injury that prevents you from working.  Our team helps you understand the different types of disability insurance, such as short-term or long-term disability, and guides you in selecting appropriate coverage based on your occupation, income level, and risk tolerance.

Long-Term Care Insurance

Our firm helps you plan for your potential long-term care needs by assessing the suitability of long-term care insurance.  This coverage helps cover the costs associated with nursing home care, assisted living, or in-home care services.  Our team evaluates your health status, age, family history, and financial resources to determine if long-term care insurance is appropriate and assists in selecting the most suitable policy.  We also examine other potential strategies to insulate you and your family from the costs of needing LTC, such as working with legal counsel to shelter assets in a trust or other strategies like structuring for Medicaid eligibility.

Business Continuity

We help business owners mitigate risks related to the continuity of your business in the event of unexpected events like the death or disability of key employees. This can include strategies like key person insurance or buy-sell agreements.

Ongoing Policy Review

Our wealth management team conducts regular reviews of your insurance policies to ensure they remain up to date and aligned with your evolving needs.  This involves assessing changes in your financial circumstances, family dynamics, or legal obligations that may require adjustments to your insurance coverage.  Our firm helps you make informed decisions about policy modifications, additions, or cancellations based on your changing circumstances.

Claims Assistance

In the event of a loss or damage covered by insurance, our firm assists you in navigating the claims process.  This includes providing guidance on filing claims, coordinating with insurance companies, and ensuring prompt and fair resolution of claims.  Our team supports you throughout the claims process, advocating for your best interests and helping you or your heirs receive the benefits you are entitled to.

 

By integrating insurance and risk management into your larger wealth management strategy, we can provide you with a more comprehensive and personalized approach to managing your risks and protecting your wealth.  Through our insurance needs assessment, guidance on life, health, property, liability, disability, and long-term care insurance, policy reviews, and claims assistance, our firm empowers you to focus on your life and feel confident that your wealth and health are protected.

By integrating insurance and risk management into your larger wealth management strategy, we can provide you with a more comprehensive and personalized approach to managing your risks and protecting your wealth.  Through our insurance needs assessment, guidance on life, health, property, liability, disability, and long-term care insurance, policy reviews, and claims assistance, our firm empowers you to focus on your life and feel confident that your wealth and health are protected.

Have Questions? We're Here to Help.

Our calls are always relaxed and pressure-free.

Core Insurance & Risk Management Services

Analysis of Current Policies

Coverage Needs Assessment

Workplace Open Enrollment Period Benefits Planning

HDHP with HSA vs Low-Deductible Health Insurance Analysis

Long-Term Care Insurance Analysis

Disability Insurance Analysis

Medicare Analysis

Medicaid Eligibility Planning

Homeowners Insurance Coverage Review

Auto Insurance Coverage Review

Umbrella Policy Analysis

Cyber Security Insurance

Helping Avoid Financial Fraud

Core Insurance & Risk Management Services

Analysis of Current Policies

Coverage Needs Assessment

Workplace Open Enrollment Period Benefits Planning

HDHP with HSA vs Low-Deductible Health Insurance Analysis

Long-Term Care Insurance Analysis

Disability Insurance Analysis

Medicare Analysis

Medicaid Eligibility Planning

Homeowners Insurance Coverage Review

Auto Insurance Coverage Review

Umbrella Policy Analysis

Cyber Security Insurance

Helping Avoid Financial Fraud

Creating Wealth or Protecting it. We’re Here to Help.

Our calls are always relaxed and pressure-free.