Managing Risk and Risk Management Tools

Risk management tools offer more than protection from unforeseen events.  Risk management solutions can help you at every stage of your financial life, whether your goals are wealth (assets), liquidity creation, wealth accumulation or wealth transfer.

" All too often, risk management is treated as something separate from the total wealth plan, when it should be an integral part of the wealth planning process."

Risk managers and specialists recommend solutions and strategies that complement an overall wealth plan.  Specific strategies include audits and review, analysis and monitoring, custom tailored solutions and access to a comprehensive set of tools including insurance which brings contractual certainty to specified risk.

Risk Reduction

You need to feel confident that if the unexpected occurs, you and your loved ones will be able to preserve your quality of life.

  • Major medical / hospitalization / medicine
  • Life insurance
  • Disability insurance (individual and group)
  • Long term care insurance
  • Liability insurance
  • Property and casualty insurance

Liquidity Creation

You can utilize insurance to help address estate taxes and business continuation needs.

  • Irrevocable life insurance trust
  • Defective grantor trust
  • Funding buy-sell agreements for business owners upon death, disability, retirement and / or sale
  • Key person insurance for business owners
  • Excess disability benefits
  • Non-qualified deferred compensation planning
  • Split dollar plans*

Wealth Accumulation& Asset Protection

You can use tax and insurance structures to more effectively accumulate and access funds long term.

  • Titlement of asset
  • Qualified retirement plans
  • Non-qualified executive compensation plans
  • Corporate owned life insurance (COLI)
  • Life settlements**
  • Dynasty trust
  • Asset protection trust***