Insurance

Insurance often plays an important role in achieving specific financial goals.

Insurance options are many and varied – too many to encompass in one description here. The market is sophisticated, with many specialized variations under any given category.

The important thing about insurance is not the product, but what the product does. Strategic use of insurance vehicles can enhance your financial security, near term as well as long term.

Here are some of the strategic uses of insurance:

Personal

  • Income protection
  • Asset protection
  • Retirement protection
  • Tax-efficient estate transfer
  • Achieving legacy intentions

Business

  • Protection of the business against the loss of a key employee
  • Providing liquidity for the buy-sell purchase of the company at one partner’s death or disability
  • Collateralizing business loans

My extensive experience and technical understanding of insurance strategies and products can help determine when insurance is indicated, how it should be structured, how to evaluate the options, and how to find the best value.

Independent Recommendations
As an independent agent, I am not tied to any particular company or product line. Independence enables me to find the optimal solution, whether based on specific features, company quality, performance, or price.

Company quality is of particular concern. Insurance is about transferring risk to provide guaranteed benefits should catastrophe strike. Logically, it makes sense to choose insurance providers that have extremely strong financial positions and the highest likelihood of being able to back the promises inherent in their guarantees. I have access to (and preference for) the highest rated companies available on the market.

Products
An overview of the products I work with:

Life insurance

  • Traditional participating whole life
  • Universal life
  • Term
  • Variable life

Disability insurance

  • Disability income insurance
  • Disability business overhead expense insurance
  • Disability buy-sell insurance

Long-term care insurance

  • Long-term care insurance
    • Based on periodic premiums, of lump sum premium
  • “Hybrid” products that couple long-term care benefits with life insurance or annuities
    • No separate premium for long-term care benefits (embedded in the life or annuity premium)

Health insurance

I no longer service this area directly. I help clients consultatively, assessing their need, qualifications, and general product options, but I work with local health insurance specialists for final recommendations and placement of health insurance policies.

Medicare supplements

Like health insurance, this is an area where I work with local specialists.