Insurance Planning

Preparing for the Unexpected

At Echler Solomon Feng, we understand that mitigating risk is an indispensable part of managing substantial wealth. Discover how we can help you incorporate your insurance protection needs with your overall estate plan to help safeguard and conserve your assets.

Ascertaining Your Insurance Protection Requirements

As a wealthy individual, you face a range of multidimensional exposures that can negatively impact your financial security. We aim to help pinpoint these risks and apply the appropriate protection to cover you and your family.

Insurance planning factors include:

  • Protection for assets owned by trusts
  • Valuable articles insurance (e.g., jewelry, artwork, collections)
  • Acts of God insurance (e.g., flood, earthquake, volcano, hurricanes, tornadoes, lightning)
  • Classic, collectible and historical vehicles insurance
  • Employment practices liability coverage (EPLI)
  • Identity theft expense coverage
  • Directors and officers liability Insurance (D&O)
  • Kidnap and ransom indemnity policies (K&R)
  • Worker compensation (wage replacement and medical benefits)

Forming Your Life Insurance Strategy

Life insurance can be a useful tool to help pay for estate tax liabilities, to set up trusts, and for other planning uses. However, the way you allocate ownership and beneficiaries can have a significant effect on whether your insurance is considered as part of your estate for tax purposes.

Echler Solomon Feng can help you decide which mode of insurance would be most suitable for your specific circumstances and help you determine the ownership and beneficiary designations.

There is no guarantee that any investment, financial, or estate planning approach will be successful.