Insurance & Risk Management

It’s easy to talk to loved ones about the positive milestones in your life and the exciting things you have planned for the future. These milestones may include purchasing a larger home or vacation property, funding a child’s college education, helping with wedding costs, or plans for your retirement. For many, the more difficult conversation is discussing what happens if you are no longer able to fulfill these financial commitments due to death or disability. Insurance planning helps you keep the promises you have made to your family – those who depend on you the most. It helps answer the important question:

“How will the income needs of my dependents continue to be met in the event of my absence or disability?”

Protecting yourself, your loved ones or your business against unexpected events is a fundamental aspect of wealth planning. But how do you determine how much insurance you need to fulfill promises made to your family? Closing the gap on potential risks can be tricky without a comprehensive plan in place that looks at all aspects of your financial life, including future obligations that are important to you.

We incorporate a formula called “human life value” into our planning process to help determine the amount of coverage you may need. Human life value takes these and other factors into consideration:

  • Annual income and expenses
  • Number of years between now and your anticipated retirement date
  • Value of the dollar, adjusted for inflation over time

Life insurance products offer a spectrum of death benefit protection, spousal coverage and cash value accumulation features for a variety of needs. Life insurance is also frequently used as an important estate planning tool, helping to ensure your beneficiaries and heirs are not saddled with an undue estate tax burden. After a careful analysis of your situation and objectives, we can help you determine the level of income protection you require, now or in retirement, and obtain the coverage that best meets your needs by choosing among insurance programs from many of the nation’s leading providers.

For many of us, the ability to work and generate income is our most valuable asset. Protecting it is paramount to achieving your short- and long-term financial goals. Disability insurance helps guard your income and lifestyle from unexpected interruptions during your working years. Adequate disability coverage can ease the burden of lost income or wages while you recover from an accident or illness. It can also help to prevent the depletion of savings or being forced to sell investments at an inopportune time to raise cash for living expenses.

We work with many of the nation’s leading insurance providers to tailor income replacement coverage to your specific needs, adding the features that are most important to you and your family.