Even a well thought out plan needs to carefully identify, calculate and mitigate risks that could derail the plan. Some risks can be avoided; others can be mitigated. Quadrant does not sell insurance products, but we do advise clients on the adequacy and appropriateness of various insurance solutions, and we work closely with agents to achieve the appropriate protection.
Here are just some of the common risks to plans:
- Premature death
- Prolonged long term health care need
- Estate taxes
- Liability exposure (e.g. rental properties, professional liability)
- Concentrated stock positions