Insurance and Risk Management
Emergence Wealth Management’s mission is to help individuals and organizations emerge from where they are to where they want to go, but looking at the past, learning from successes and failures, deciding to let go and move boldly to what is ahead. Using a common sense approach with each client’s goals at the center of every investment strategy.
At Emergence Wealth Management we are here for you. In today’s world information is readily available and too much information can be overwhelming. We are here to take the guess work out of financial planning and investing, so you can focus on what is really important to you.
A key component to Financial planning and investing is managing risk or transferring risk. This is generally accomplished using various types of insurance products. During the financial planning process we look for potential holes in your plan to success. You can build a beautiful boat that looks strong but if it has a few tiny holes, your boat is a risk of sinking. It might not ever sink, but it also could. This is what insurance and risk management is all about. We want to build you financial plan (boat) that can withstand the storms of life.
In life there will always be unknowns, or “what ifs” that happen. A big unknown or what if is a potential loss of income due to some sort of accident. There are specific types of insurance to protect you and your family’s financial situation in the event that something were to happen.
Insurance products can be used to help create different types of income streams in retirement or for retirement purposes. We have helped families create a “pension” type of income stream during retirement planning.
Insurance is a great way to leave a legacy to the next generation, if that is what you desire. Or even pay for long term care.
The list of ways to use insurance in financial planning is vast. The process in determining what strategies make the most sense for each person is the same for financial planning.
Our Process:
Financial planning and Investing doesn’t need to be complicated, so we use a simple three step process to help our clients meet their unique goals. The Three E’s; Exploration, Evaluation, and Execution.
Exploration: It is important to us to really know our clients; this is what the “Exploration” phase is about. It’s about you! It’s about listening to experiences, current seasons, desired outcomes and what’s most important, so that each client can live not just a better financial life but a fulfilled life.
Evaluation: We take great care in finding the right solutions for each client. In the “Evaluation” phase this is where we take everything we have learned about you and your situation, to figure out exactly what is your new starting point; the place in which you emerge from, where you are, to where you are going.
Execution: “Vision without action is merely a daydream” Nelson Mandela. This phase is somewhat self explanatory. Once we have selected the strategies that are right for youThe best laid plans and strategies become useless if action is not taken. In the execution phase we take action; we execute.
What types of insurance do we focus on?
* Life Insurance – in the event of death
* Annuities – can create an income stream later on in life
* Long Term Care – helps to cover the very high costs of healthcare when someone is no longer able to care for themselves; daily acts of living
* Disability- helps provide income in the event one is no longer to work and provide like they once were due to sickness or injury.
If you could transfer financial risk to a third party for pennies on the dollar, would you? If someone offered you a safety net for your financial future would you use it? This is what insurance products do.
We understand that everyone wants to believe they are superman or superwoman. Most types of insurance products are something people hope they never need, but are always thankful they have if and when their cape fails. Most avoid talking about risk management and insurance because it is uncomfortable.
The wise Benjamin Franklin said, “ If you fail to plan, you plan to fail.” Everyone wants to see their dreams come true. Sometimes we get so busy living life we forget to plan for the future. Financial planning and investing are so important for financial success. It’s not how you start it’s how you finish. We want to give people hope for their futures. Allow people to dream again. We would love to work with you and your family. Let us walk you through the process of creating an investment strategy and financial plan that is right for you and your family. It is time to Emerge.
Are you ready to emerger? Call to schedule a consultation today?
Disclosures
Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC http://www.finra.org/ and http://www.sipc.org Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth.
This communication is strictly intended for individuals residing in the states of Oklahoma, Texas, Arkansas. No offers may be made or accepted from any resident outside the specific state(s) referenced.
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