How Can High Net Worth Clients Protect Their Legacy?

Posted on: April 28, 2015 by Javier iSure

The topic of a premature death, serious illness or disability is never easy to think about, let alone plan for. No one wants to entertain the notion that an accident could happen to them, altering their and their family’s future forever. However, such things do happen, and they do so far more frequently than many of us would like. As such, planning for an untimely death or disability can not afford to be postponed. Miami high net worth clients have two primary ways of protecting those they love from the financial burdens associated with the client’s premature death, onset of a serious illness or sudden disability.

Life Insurance

One of the most popular choices, the goal of a strong life insurance policy is to provide some level of financial security for the client’s loved ones. A Miami life insurance policy offers the named beneficiaries protection against the loss of income, funeral expenses, and other financial impacts that would result if the insured passed away. There are many different types of life insurance policies, some simply offer set payouts while others offer the additional potential to grow financial assets. Choosing the right policy often becomes more complex for high net worth individuals in the Miami area who have a substantial amount of assets to consider.

Disability Insurance

Many Floridans are shocked to learn that the odds of becoming disabled throughout the course of their life are surprisingly high, and fluctuate widely based on occupation and lifestyle. For example, high net worth clients who travel frequently for business could be more likely to become ill or injured during their travels based on exposure from abroad. Studies show that slightly more than one in four of today’s 20 year-olds will become disabled before they retire. Miami disability insurance provides for periodic payments of benefits should a policy holder become unable to work for various reasons. These policies are designed to replace anywhere from 45 to 65% of the policy holder’s gross income on a tax-free basis should illness keep the claimant from earning an living in their chosen occupation. Advisor can tailor a policy designed to provide disability income, protecting you from financial disaster should you become injured and can no longer work.

With both life and disability insurance, the key is to purchase protection before you ever need it. iSure Insurance Brokerage can help you take care of yourself and your family with the attractively priced, quality coverage you deserve. We offer a host of private clients services aimed at protecting the assets of high net worth clients in the Greater Miami Area. Please contact us at (855) 381-6123 to learn more about how we can best serve you.

Posted in: Disability Insurance Life Insurance Miami