High Net Worth Insurance and Risk Management

Every day, we are at risk of experiencing a variety of unforeseen life events, all of which could result in difficult consequences, like financial loss, property damage, or health conditions. These unexpected events could severely impact you financial plan and your family’s future.

A sound risk management strategy can help protect your family from the financial consequences of life’s unexpected events. This type of strategy can include personal insurance, liability insurance, long term care insurance, and life insurance. Together with a sound asset allocation strategy, a risk management strategy incorporates “necessary” risk to create a strategy that aims to reach goals in a comfortable manner. Insurance protects you by transferring the financial risk of life’s events to an insurance company, giving you financial security and allowing you to sleep at night.

In particular, we like to work with all clients to develop a long-term care funding plan (which usually includes long-term care insurance) and to make sure that family is provided for in the event of death (which may require life insurance). But, before recommending insurance, we undertake a comprehensive review of the client’s entire financial plan to ensure that decisions are made in a thoughtful way and in alignment with the family’s values.

Do you have adequate risk management strategy in place? Is your family provided if you suffer an untimely death? What if you require long-term care assistance? We can help you answer these tough questions and make sure risk management is part of your financial plan.