Products and Services for Individuals
Our Life and Disability practice can provide a family with financial peace of mind and help you achieve higher objectives – such as wealth protection and financial planning. At Mesirow Financial you are our first priority. We provide innovative insurance products and risk management services to enhance protection, build predictability into your planning and minimize threats to your – and your family's – personal wealth and safety.
Insurance protection tailored to your needs
We create customized insurance programs for individuals and families:
Policy portfolio review and analysis
Our policy portfolio review includes:
- Comprehensive analysis of your current portfolio and projection of future performance for each policy
- Ratings and financial analysis for each insurance carrier
- Cost/performance comparison of your current portfolio to:
- determine policy adjustments that might enhance current performance
- recommend changes to your existing portfolio – but only if we can save you money and maximize coverage with new policy designs
- determine whether "selling" old/unwanted policies makes sense for you
- Systematic process for reviewing your coverage on a regular basis in the future
We provide insurance planning for:
- Estate creation and liquidity
- College funding
- Asset protection
- Income protection
- Charitable programs
Working closely with our clients' advisors, we use life insurance as a powerful tool to leverage annual and lifetime gifts for estate tax purposes. Some of the planning techniques where life insurance may be the most effective funding vehicle include:
- Irrevocable life insurance trusts
- Charitable remainder trusts
- Grantor Retained Annuity Trusts (GRATS)
- Dynasty trusts
- We offer a variety of plans to replace and protect income in the event of disability. Disability coverage is important for high net worth individuals, highly compensated executives and high profile individuals.
Working with insurance carriers that have long track records in the pricing long-term care products and paying claims, we can recommend policies that are specifically designed to address a variety of long-term care needs. The policies we design include the following:
- In-home care coverage
- Assisted living coverage
- Nursing home coverage
- A variety of senior care products and services
Our professionals can offer additional services and protection to families and individuals, including:
- Jumbo limit disability and life insurance policies
- Ability to bind life insurance coverage in 24 hours
- Institutionally-priced life insurance for large-premium transactions
Our Life and Disability professionals have the ability to find an institutional buyer to purchase old unwanted "convertible" term or cash value policies. The amount of the purchase will be determined by the:
- Type of policy being sold
- Life expectancy of the insured
- Projected future costs and performance of the policy to be sold
