Risk never sleeps, nor does it discriminate. In a moment, all you have earned could be gone, and all of your hard work would be for nothing. Asset protection is critical, and proper entity structuring is the cornerstone to protecting your assets. However, many times other critical components are overlooked—namely insurance. Insurance is the best and easiest way to manage the risk of premature death or disability, including long-term care needs.

Long-term care has become a major concern for many Americans; the unanticipated need for it can create an obstacle to your best laid wealth accumulation plans, and it is not just an issue for the oldest generations.

The ultra-wealthy can afford to pay for it; the poor are covered by governmental aid. It’s the middle class that is forced to “spend down” their assets until they become poor and the government takes over. You can prevent this with proper risk management. Additionally, it is often the case that long-term care can be at least partially tax deductible to business owners. Moreover, consider that most home foreclosures are a result of a disability vs. a premature death.

Our Approach

As a business owner, investor, entrepreneur, it can be challenging to obtain disability insurance because of the way your income is structured. We will provide you with an analysis of your insurance needs, illustrate combinations of coverage to manage the risk of disability, and help you to determine what kinds of insurance meet your needs—all in the context of your financial goals.

Many insurance agents make recommendations that are not congruent with your specific financial goals. Whole life insurance, universal life, or variable life is frequently the standard recommendation. However, those types of policies are generally expensive. Generally, term insurance will meet your needs while still minimizing cost. And, when you are in the mode of accumulating wealth, the goal is to keep as much investable income within your control so that you can grow wealth.

To get started with your risk management analysis, please complete the online form or contact our office at 1-877-511-3152.