Life insurance is typically an integral part of any solid wealth management plan. As such, it should be viewed in light of the clients' overall portfolio, assets, and future goals. We work collaboratively with the clients' key advisors including the financial planner, estate planning attorney and accountant to ensure the a more holistic approach. Our first step is to conduct a needs analysis.
Most clients in the HNW space typically have existing insurance. We will review coverage, assess the policy's performance, assess likely future performance, and make appropriate recommendations.
Given COVID-19 and the challenges we face in healthcare, insurability is becoming increasingly complicated. As an independent broker, we will make recommendations based on the clients' needs, health and availability of coverage.
Last month, I had the honor of speaking at the Commonwealth Club with my distinguished fellow panelists, Dr. Catherine Madison, Founding Director of the Ray Dolby Brain Health Center and Gretchen Hollstein, Senior Wealth Advisor and Managing Director, Litman Gregory Wealth Management.
We shared our personal experiences and professional insights about the growing problem of dementia and dealing with it financially. To watch the full video,