It takes a very good planning PROCESS to be prepared for the unexpected incident that may come our way. We typically think: “It won’t happen to me.” At Financial Architects, we want your plan to be successful under all circumstances.
The first 3 areas we review in detail are:
- The Auto policies
- The Home policies (Vacation/Rental Homes as well)
- The Umbrella Liability policy
I met a new client as referral March 2008. This couple had low liability and uninsured motorist coverage on their autos for only $20,000! In our planning we suggested the clients contact an independent casualty insurance agent since we do not provide this coverage.
Our client’s were advised to increase their Liability and Uninsured Motorist coverage to $500,000. It so happened that the premium for their increased coverage was almost the same as before. The agent did a great job.
In July my client was hit by an uninsured driver and was seriously injured. He had substantial medical bills and his rehabilitation continues to today! Our purpose is to help our clients increase their long term net worth while reducing their exposure to risk. The addition of $480,000 of protection was a direct result of our purpose fulfilled! It is highly possible that our clients could have faced bankruptcy had we not been referred to them.
Tomorrow Always Comes. One way or another. My clients’ tomorrow is secure thanks to great planning.
