A review of risks is an important part of the financial planning process. While some risks are difficult to mitigate, for others insurance can be a very useful tool.
We help clients understand the complexities of their current policies and evaluate whether they are adequately protected. Our goal is to make sure you have suitable levels and types of coverage in place.
To assist you in insurance planning, we:
- Assess your current insurance coverage. We conduct an extensive review of existing policies, interpreting complicated policy language to clarify benefits, features, and schedules. We identify employer-provided benefits and examine beneficiary designations to ensure they are up to date.
- Analyze your life and disability insurance requirements, both now and in the foreseeable future, to determine whether current levels of coverage are adequate.
- Examine property and liability insurance coverage to assess whether existing policies appropriately address your risks.
- Review policy limits and compare them to your assets, to identify any coverage gaps and ascertain whether an umbrella policy is appropriate.
- Recommend changes to existing coverage and policy structures. We may suggest that certain policies be surrendered, exchanged, or extended, depending upon your needs.
- Evaluate proposals for additional insurance, based on product type, principal features, and cost vs. benefit.
