Finacadia Insurance - Risk Management
Insurance planning protects accumulated wealth and facilitates transfer to the next generation. When structured correctly, life insurance, disability coverage, and long-term care policies address risks that investment portfolios can't handle on their own.
Coverage Review
Most high-net-worth clients need insurance, but they don't always need the policies they currently own. Our process starts with reviewing existing coverage to identify gaps, overlaps, and policies that no longer serve their original purpose. This often reveals opportunities to restructure coverage in ways that reduce premiums while improving actual protection.
We work with multiple carriers to access competitive underwriting and specialized products. This includes no-lapse guarantee universal life policies for estate planning, disability coverage designed for high-income professionals, and private placement life insurance for ultra-high net worth clients seeking tax-advantaged investment options.
Life Insurance
Life insurance serves multiple functions beyond basic income replacement. It provides liquidity for estate tax obligations, equalizes inheritance among heirs when business interests are involved, and funds buy-sell agreements for business partners. The right structure depends on your specific situation, not the product an insurance company is currently promoting.
When your estate attorney recommends an irrevocable life insurance trust, we structure the policy and coordinate the funding. Coverage adapts as your situation changes, whether that's restructuring after a business sale or adjusting death benefits as estate values shift.
Disability insurance
Disability insurance matters more than most clients realize, particularly for business owners and professionals whose income depends on their ability to work. Employer-provided coverage rarely covers enough, and the definitions of "disability" vary significantly between policies.
Understanding what triggers a claim and how benefits are calculated makes the difference between adequate protection and a gap that becomes obvious too late. We analyze policy language, benefit periods, and elimination periods to match coverage with your actual income needs and risk exposure.
Business Insurance
Business owners face additional considerations, including key person coverage, business overhead expense insurance, and buy-sell funding. These policies protect business continuity and provide liquidity when it matters most, preventing forced sales or disruption during ownership transitions.
Long-Term Care Planning
Long-term care expenses can drain assets quickly without proper planning. Whether through traditional long-term care insurance, hybrid policies that combine life insurance with care benefits, or self-insurance strategies for clients with sufficient assets, the goal is protecting the wealth you've built from being consumed by care costs.