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Insurance and Risk Management

Even if you do everything right, life sometimes has other plans.

That’s why it’s so important to take steps to mitigate the financial impact of the unforeseen. As part of our financial planning process, we will evaluate your tolerance for risk and provide guidance on the following risk management solutions to help protect you and your family should the unexpected strike.

Insurance Review

Should you have any existing insurance policies, we will begin with a review of the details of each policy, and an analysis of both the original intention of those policies, as well as whether and how those policies are still appropriate for your current circumstances.

Insurance Analysis

In conjunction with your financial plan, we will review your possible exposure to risk, and your insurance needs if any.  This would include income replacement, education funding, and liability repayment, to name a few.  Should you need an insurance policy, we will work with our partners to place a policy that is appropriate for you.

 

Long-Term Care Planning 

One of the most important asset and estate protection strategies is ensuring your ability to fund long-term care should the need arise.  Our team carefully selects asset-based long-term care providers, allowing our clients to accelerate their life insurance death benefit to help pay for the care they need.

Trust and Estate Planning

For larger estates, many times a combination of a trust and a life insurance policy are used to take advantage of current gifting policies, as well as to plan for and eventually help fund future estate tax liabilities.  We have worked through these cases with several clients, devising and implementing strategies combining insurance with prudent tax and estate planning advice.

additional resources

Assess Life Insurance Needs

Assess Life Insurance Needs

How to help determine life insurance needs to provide for your family after you pass away.
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A Primer on Irrevocable Life Insurance Trusts

A Primer on Irrevocable Life Insurance Trusts

Irrevocable life insurance trusts can be important tools that may accomplish a number of estate objectives.
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Is Term Life Insurance for You?

Is Term Life Insurance for You?

Term insurance is the simplest form of life insurance. Here's how it works.
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Insurance Needs Assessment: Married With Children

Insurance Needs Assessment: Married With Children

When you’re married and have children, insurance needs will be different.
Learn More

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