Life Insurance

This protection is an important financial and estate planning tool necessary for every family. This coverage is important for the following reasons.

Family Income Replacement

• If the primary bread-winner of a family passes away, the family will need money to replace the lost income. Life Insurance is the most efficient vehicle for providing the needed funds to maintain the family's lifestyle at the death of a family member.

Portfolio Profit Realization Protection:

• If you are involved in the management of a Private Equity Fund and your family faces the loss of the profits that would be realized at the maturity of the Private Equity Fund, then life insurance can assure that your heirs will realize the profits that they would otherwise have received.

Estate Liquidity Planning:

• While the government continues the debate on estate taxes, most practitioners agree that estates above a certain threshold will continue to be taxed when assets are distributed down the family tree. The proceeds from a life insurance policy can provide the funds that will be needed to pay estate taxes.

Disability Income Insurance

Many financial planners have asserted that the expenses of a family may increase when a primary bread-winner passes away. In fact, at most "working" ages, the probability of a long-term disability (one lasting 90 days or longer) is four times more likely than the chances of dying.

It is imperative that a family makes sure there is sufficient income available, even if the bread-winner becomes disabled. Following are the two most common reasons for implementing a long term disability policy.

Family Income Replacement

• Disability Income provides an income replacement benefit should the insured become disabled so that the family can maintain a similar standard of living.

Portfolio Profit Realization Protection:

• As with life insurance, a participating member of a Private Equity Company has a unique exposure if a permanent disability were to occur. By not participating in the profits of a firm's investment fund, a family might lose out on the tremendous income that had been expected. A properly designed disability insurance plan may be sufficient to replace the lost income resulting from a disability.

Disability income insurance, regardless of the reason why it is needed, can be the difference between a family maintaining their standard of living and a family having to make substantial lifestyle changes because of a disability.

Long-Term Care Insurance

Long-Term Care Insurance is one way to assure that there is cash available to pay for the cost of providing high-quality care to you or your loved ones in the event of an unexpected illness or accident. This coverage will provide financial assistance if you are unable to accomplish routine acts of self-maintenance, for example, getting dressed, feeding, walking, and continence.

In the event of a long term disability, this type of protection can eliminate depleting your assets, your estate and retirement funds. With the rate of inflation, a budget of $1,000,000 is a very reasonable figure for the cost of a long term need for care.

We all wish to maintain our dignity and to receive high-quality care.  However, the burden on a family - at this time - can be significant. A family will often be integrally involved in decision making; doesn't it make sense to assure that you have provided the resources to pay for your care?