Because protecting against risk is an inherent part of comprehensive financial planning, we help clients find the right balance of insurance to address the particular risks they face. This may include simply acknowledging there is a risk and accepting to not insure against it. Either way, we bring up the conversation and explore the possibilities with you.
We help clients assess their current coverage – including life insurance, disability insurance, long-term care, umbrella and other types of policies. Then, we may help design or select the optimal coverage based on client needs. In some cases, that involves reducing coverage in certain areas or canceling policies outright. It just depends on your needs.
In keeping with the fact that we are held to the fiduciary standard, we disclose any compensation we may receive from an insurance carrier. Sometimes we recommend insurance products, and sometimes we find people that own insurance products that are unsuitable. It just depends on what your needs and objective are.