|
Although it is not the cornerstone of our asset management activities, we understand the importance of certain insurance products and their applicability to the wealth management process. We are mainly concerned with life and long term care insurance.
Life insurance serves several functions; it can be used to create an estate before there is time to build it, to protect the estate once it has been built, or to replenish the portfolio for the benefit of heirs. All of these functions are important; however, under current tax law fewer individuals need estate protection. This is a fluid situation as congress attempts to resolve differences of opinion concerning the passage of wealth from one generation to the next. It is important to understand the relevance of insurance to your portfolio and to plan accordingly.
Long Term Care insurance can protect assets by providing insurance proceeds to pay for various stages and degrees of nursing and assisted living care. There are a host of products and variations in the benefits provided in the market today. We help sift through these competing options to find the mix that is right for you.
|
