Asset protection is setting up a “safety net” for accumulated wealth. It is protecting your family and your estate against unforeseen accidents, sickness or premature death.
Your most valuable asset is your ability to earn income and for many, disability income insurance makes sense to protect that asset.
In general, long-term care insurance can protect assets against the confiscatory and progressive nature of extended care costs such as home health care, nursing care, convalescent care, skilled nursing care, etc.
Life insurance benefits can help families maintain their lifestyles during an extremely difficult transition and following a premature death of a father, mother, and/or spouse.
Ira Hermann and his team work with clients to evaluate and measure needs relative to protecting wealth and families’ financial security.