Protecting Against Catastrophic Loss

Once you’ve designed your holistic financial plan and built your investment portfolio, you must consider your catastrophic risks.

Too often, insurance salesman say things like, “Everybody needs insurance.” That’s simply not true. You should only buy insurance if you cannot afford to suffer the loss (self-insure). For example, you would not buy insurance to protect yourself against a 10-cent loss because you could likely recover from that loss. You would, however, buy insurance against the death of a loved one IF you could not afford to live without that person because you’re dependent upon their income.

To the extent that a catastrophic loss would impede your ability to achieve your holistic financial plan, we will recommend the appropriate amount of insurance. We are not captive to one carrier. We will shop your situation across dozens of carriers until we find one that has the right policy, cost, and strength ratings for you.

We are paid a commission on products you purchase. We are actively working to offer flat fee, commission-free products in the near future. However, we do not feel that the products currently available on that platform best meet the needs of our clients. Industry wide, this is changing slowly.