Insurance – An Investing Perspective

Investors don’t usually think of insurance as part of their investment strategy, but they should.

An individual’s insurance needs change during their lifetime. Insurance products over the past decade have become increasingly innovative in the number of ways these needs can be accommodated. Specialized health care and illness insurance as well as wealth and estate planning insurance options enable investors to protect themselves during their lifetime. Additionally, insurance can offer legitimate ways to maximize retirement savings and minimize estate tax liability.

Insurance becomes part of an investment strategy when it protects you against loss of health or income.

It can also protect your ability to save and invest for the future. From an investor’s perspective, the type of insurance you buy can be determined by asking the same basic questions you’d need to ask regarding any investment decision: Will it have real value when I need it? Do I understand what I’m buying? And what is my “return on investment”?

Insurance can be an important part of any investment strategy, especially if it means you’re able to sleep better at night. Investors need to be perfectly clear on how their insurance protects them, and the conditions and terms under which they can expect to make a successful claim. The amount of the insurance benefit is determined by what you and your family need to protect both present and future assets. If wealth management and asset protection are becoming part of your investment thinking, then we can arrange a meeting with an estate planning and insurance specialist who can help you focus on insurance products that prepare and protect you and your family for the future.