Risk management should be a part of any financial plan. In addition to mitigating the risk of a disaster, many insurers have developed products designed to appeal to investors. They often pitch a variety of insurance products as more than a safeguard and peace of mind. Some forms of insurance are sold as “investment grade,” offering a variety of tools that can be attractive. But are these products right for you?

As with so many other factors, we believe this question can only properly be answered by a financial advisor if they have a full understanding of your particular situation. If it appears that you may benefit from an “investment grade” insurance product, we will likely schedule a meeting with your insurer. As we write about below, however, capturing cash value in life insurance, for example, is a better prospect for some than for others.

Because Bogart Wealth is a Registered Investment Advisor firm, we are held to the fiduciary standard, meaning that we must hold our clients interests above our own. For this reason, we do not sell insurance – or any other products. Instead, we provide expertise and advice. We will sit down with you and help uncover your needs. Should an insurance product appear to offer what you need in order to meet your goals, we’ll schedule a meeting with your insurer (or recommend one) to hash out the details.

Some factors that we often encounter include:

  • “investment grade” life insurance
  • Coverage of assets owned by trusts or LLC’s
  • Traditional property insurance
  • Flood insurance
  • Collector vehicle insurance
  • Employment practice liability
  • Identity theft expense
  • Officers and directors
  • Kidnap and Ransom
  • Workers compensation
Contact Us for a Free Insurance Consultation

Please Note: The scope of any financial planning and consulting services to be provided depends upon the specific requests and needs of the client.  Bogart does not serve as an attorney, accountant, or insurance agent. Bogart does not prepare legal documents or tax returns, nor does it sell insurance products. If the client desires, one of Bogart’s representatives, in their separate individual capacities, can be engaged to be provide insurance sales/services as described on Bogart’s written disclosure Brochure (a copy of which is available upon request), per the terms and conditions of a separate engagement and compensation.

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