Insurance and financial planning
Helping our clients manage risk is an essential part of being a financial advisor. Some risks, can be managed, others reduced. Some risks can be avoided all together.
Then there’s risk transfer, when you transfer some or all of a risk to someone else, usually an insurance company, in exchange for a premium.
Together with our clients, we work to approximate the cost-to-benefit of managing, avoiding and transferring many types of risk.
Here are many of the types of insurance that we review and advise on:
- Health insurance (including Medicare and supplements)
- Life insurance (term, whole life, universal life)
- Disability income insurance (short term, long term)
- Long-term Care insurance (including LTC/life insurance hybrids)
- Auto, Home and Umbrella coverage (also boats, RVs, family heirlooms, etc.)
- Identity Theft insurance (becoming more prevalent)
- Business insurance (professional liability, workers comp, key person and buy/sell funding)
- Critical Illness (above and beyond regular health insurance)
- And we review what is already covered through a plan with your employer
Reviewing your insurance coverages is an important part of the financial planning process. We ask:
- Do you need it?
- Do you have too little or too much?
- Is it a good value compared to other insurers?
Sometimes we are able to analyze all your various policies during the initial phase of the advisory relationship. Although, to avoid overwhelm, it is often an ongoing process and tackled piece by piece over time with what we believe are the highest risk areas addressed first.
For example, we may be able to suggest some helpful “tweaks” to your auto and home policies at some point, but if you are drastically over-insured for life insurance, we may start with that and recommend you reduce the amount of death benefit, which could save you money in premiums immediately.
If you’ve been looking for someone who will look out for your best interests and help you navigate your financial life, please contact one of our advisors at (770) 297-9000, or head over to the Contact Us page where you can send a message, ask questions or schedule an appointment.