Insurance

Our team of insurance specialists identifies risks, which could negatively impact your financial position.

While it’s important to focus on what will go right with your financial situation, it’s also imperative to consider how you could be negatively impacted without appropriate protections in place. Cost-effectively transferring risk to an insurance company may be a prudent decision to minimize the financial damage of a catastrophic unexpected event.

Some of the ways insurance can be utilized in the wealth planning process include:

• Life Insurance: Considers income replacement as well as business succession funding and estate planning through a vehicle, which can be income and estate tax-free if structured properly.
• Disability Insurance: Protects your income in the event of your inability to work prior to retirement. Just over 1 in 4 of today’s 20-year-olds will become disabled before they retire according to Social Security Administration.
• Long-Term Care Insurance: Protects your accumulated wealth and provides financial support for respite care, adult day care, in-home care, assisted living, as well as nursing home care if you need assistance with Activities of Daily Living (ADL’s).