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People deal with risk management in one of two ways in their lives. They either retain the risk themselves or transfer the risk to someone else, usually an insurance company. It seems that insurance companies are our enemies when we pay our premiums, but our friends in the event of a loss. This love/hate relationship exists due to the amount of premium we have to pay to be protected.
We do not object to protecting ourselves and/or our families. What we resent is the thought of spending a lot of insurance premium dollars that could have gone to many other places on our financial model other than insurance companies. So what if there was a way, to provide maximum protection for ourselves and our families, that would not come at the expense of growing other parts of our financial and estate model? What if we could use some of the money that otherwise would have been lost to taxes, fees, etc. that we recovered through our economic process to maximize the protection of ourselves and our families. Additionally, what if our financial and estate plan also built in a way to recover some or all of the car, home, life, disability, long-term care, business etc. insurance premiums with interest that we pay through our lifetimes. We show people how to do this using our macro economic model through one or multiple tax and cost recovery strategies.
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