Insurance Strategy & Analysis

Plan for the unexpected

Building a strong foundation is pillar number one of our planning philosophy and nothing is more foundational than ensuring you and those you love the most are properly protected.

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How Insurance Analysis Works

Proper insurance planning goes beyond just life insurance.

We will conduct a thorough review of any existing policies and perform a gap analysis to determine what your exact need is. Our goal is for you to have just the right amount of coverage in place. While it’s important to not overpay for insurance, it’s just as important to ensure that you are covered when the unexpected happens.


Risk management is essential to your financial plan. We’ll review your current situation to help determine what impact a premature death or disability would have on your financial plan so that we can bring as much certainty to your financial life as possible. Furthermore, it’s important to ensure proper titling of bank accounts. For example, in the state of Florida, TBE titling can be used to add additional layers of asset protection from creditors. Also, ensuring proper coverage limits on auto insurance is crucial to protect your assets in the event of legal action and provide creditor protection.

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Comprehensive Insurance Strategies

Your comprehensive risk management plan will include a deep dive and evaluation of the following:

Health Insurance

Did you know1 that a 65-year-old couple in good health will need approximately $387,644 to pay for health-care costs for the remainder of their lifetime? Ensuring your health care needs now and in the future are in place is important. While some clients simply need us to help them better understand what benefits their employer offers, some clients need us to connect them to the right strategic alliances to put plans in place or help them navigate the Marketplace. Either way, our pre-retiree and retiree clients often need to address their Medicare coverage so, again, we’re here to educate and provide the proper introductions when necessary.

  1. D. Mercado, “Retiring this year? How much you’ll need for health-care costs,” 18-Jul-2019. [Online]. Available: [Accessed: 23-Oct-2020]

Disability Income Insurance

For those in their accumulation years, your ability to earn an income is actually your most valuable asset. A 35-year-old making $80,000 and retiring at 65, has a $3.5 million-dollar income potential. However, many times we find that our clients don’t really have a full understanding of the depth of support that income provides. Divide your life into four parts – Self, Family, Community and Career – then identify everything within each part that your income supports. You’ll start to realize that a lot relies on your income, perhaps even more than you first thought. Often times, our clients already have some insurance protection in place through an employer’s Group Long Term Disability (GLTD) benefits. But is your current GLTD coverage adequate for your needs? For example, are the GLTD benefits taxable? Does it cover bonuses? Are there monthly benefit caps? We will take the time to evaluate all of these questions to determine what is most appropriate for you and tailor it to fit your financial plan.

Home & Auto Insurance

We don’t know about you, but auto, home and other types of property and casualty insurance can be confusing to understand. Let us complete a full review of your existing coverages to determine if your limits are in the appropriate thresholds or if adjustments need to be made. Do you know what coverage you have and what risk you may be taking on If you don’t have the right amount?

Basic automobile insurance is comprised of six different areas:

  1. Bodily injury liability
  2. Medical payments or personal injury protection
  3. Property damage liability
  4. Comprehensive
  5. Uninsured and underinsured motorist coverage

Basic homeowners’ insurance is comprised of four different areas:

  1. Coverage for the structure of the home
  2. Coverage for personal belongings
  3. Liability protection
  4. Additional living expenses

Business Insurance

Most small businesses need to purchase some type of business insurance. The following are the four most common types:

  1. Property insurance
  2. Liability insurance
  3. Business auto insurance
  4. Workers compensation insurance

The type of business you are in will play a large part in determining what kind of insurance needs you have. Some are riskier than others and may need additional asset protection or specialized riders.

 Umbrella Policies

Umbrella insurance is a form of personal liability insurance that covers claims in excess of regular homeowners, auto or watercraft policy coverage. It generally covers injury to others or damage to their possessions; not the policy holders property. While this type of coverage is not always necessary, it is important to review other property and casualty coverage is to accurately determine what needs you may have for an umbrella policy.

Life Insurance

Protecting the financial security of your family or business with life insurance Is a foundational piece in building a bulletproof financial plan. When we discuss life insurance needs with our clients , we take the time to provide a thorough capital needs analysis by evaluating – Readjustment fund needs , burial costs, existing debts , current or future mortgage needs , future education costs and A future income stream for the surviving individual.

Life insurance can provide much more than just death benefit protection, though. In some situations, owning a permanent life insurance policy can be a great retirement accumulation vehicle that provides additional tax advantages and efficiencies as well. 

Entity Formation & Organization Structure

For our business owner clients, entity formation and organizational structure is a key component to minimizing your risk exposure and addressing tax implications. Our team will work in concert with any other strategic advisors (CPAs, Attorneys, etc) you may already have to ensure proper Corporate Resolution documents, by-laws and key employee retention strategies are in place and reviewed regularly.

Property & Casualty, Auto and home insurance is offered through a variety of quality insurance companies that are not affiliated with MML Investors Services, LLC.

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