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Risk Management and Insurance Strategies

Comprehensive Insurance Strategies

Every client has unique family and business insurance needs and life situations which are important to consider in any financial plan. Insurance needs vary greatly for each family and will continue to change as family morphs and the character of your asset-base changes. We work hard to offer each client the most appropriate insurance at affordable rates.

As we get to know you and your family, we will have a clear understanding of the potential risks affecting your current and future plans.  It is a fact that the more you achieve, the more you have to lose. Once we identify your specific risk profile, we will go about developing a plan using a three-pronged risk management approach:

  • Risk minimization through lifestyle and behavioral changes
  • Risk reduction through loss control and modeling
  • Risk transfer through legal contracts and insurance policies

You will feel confident that with Revival Wealth on your team, your interests and concerns come first.

Term vs. Permanent Life Insurance

Based on your family goals, we can device an insurance plan with a guaranteed insurance benefit and guaranteed cash values, or with a plan a flexible premiums, adjustable death benefit, and a range of cash-value maximization and living benefits.  Your plan may also require us to protect your temporary life needs, we constantly sort through an ever-changing world of low-cost term insurance protection with highest rated providers. We help you determine if you need annual renewable term insurance or guaranteed premium plans from five to 30 years. We help you select the most appropriate plan, and handle all of the paperwork and arrangements for you.

Pension Maximization

Most true employer pension plans allow the retiree to include their spouse in the receipt of lifetime pension benefits at a substantial cost. This option is typically irrevocable, expensive, inflexible, and usually excludes additional family members.

A Pension Maximization Plan, when designed correctly, allows you to maximize your employer’s pension benefits while maintaining your control and flexibility, and in many cases, at a substantially greater value. Our team combines years of experience in evaluating the optimal pension selection plan that incorporates all that is important to you. We custom-design a plan that fits your individual needs.

Estate Plan Funding

A plan may consider establishing a “Second-to-Die” or “Survivorship” life insurance policy to ensure that heirs will have the funds necessary to pay estate or income taxes and probate expenses. We can help provide your heirs with the liquid funds necessary to keep all that you have accumulated during your successful lifetime.

Additional Strategies

Other insurance concepts and services include:

  • Mortgage protection
  • Disability income replacement
  • Disability business buy-out
  • Short-term disability coverage
  • Buy-Sell agreements
  • Retirement supplement
  • Key person insurance
  • Group health
  • Group term life

Remember to ask us about any type of insurance you are considering. We can guide you towards the product or professional that best meets your needs.

Getting Organized

We partner with eMoney, an online account aggregation, planning and communication tool, to give you a real-time snapshot of your total net worth.  Imagine the power behind pulling together all of your accounts, private investments and personal assets into one, easy-to-understand platform.  Better information drives better long-term financial decisions.

Resources

Inventorying Your Possessions

Inventorying Your Possessions
Creating an inventory of your possessions can save you time, money and aggravation in the event you someday suffer losses.
Learn More

Medicare At 65+

Medicare At 65+
65 or older? It may be time to enroll in Medicare. Read to learn if you’re eligible.
Learn More

Lifetime of Earnings

Lifetime of Earnings
Estimate how much you have the potential to earn during your working years.
Learn More

For more information about our firm and the services we offer, send us a quick email or call the office. We would welcome the opportunity to speak with you.

mdaniels@revivalwealth.com  |  704-644-3540

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