Insurance Review

Do you need an objective insurance review? Kerr Wealth Management in Fresno, CA provides objective insurance advice life insurance, disabilty insurance, long term care, home, auto and business overhead expense insurance.

Kerr Wealth Management provides comprehensive insurance reviews locally in Fresno and Clovis California and throughout the Central Valley of California. Our highly experienced fee-only financial advisors help everyday people avoid insurance pitfalls and identify opportunities. From protecting your business to your personal insurance needs; our financial planners can assess the options your insurance agent has prepared for you.

Insurance Reviews Include:

  • Long term care insurance

  • Life insurance.

  • Disability insurance.

  • Business overhead disability insurance.

  • Succession plan life insurance.

  • Trust owned life insurance.

  • Home insurance.

  • Auto Insurance

  • Business insurance policies. (Liability, Auto, Professional Liability.)

What We Do

At Kerr Wealth Management we can help you cut through the legalese contracts.

Conduct a cost analysis.

Align your insurance policies with your financial plan.

Help you avoid under insuring or over insuring.

Work with you, your agent and your accountant to determine the proper insurance limits.

When to Consider a Review

If the numbers don't add up.

If you are receiving lapse notices.

If you don't understand where your money is going.

During a divorce.

If you merge or buy a business.

Discovered your cost of insurance is going up.

Starting a family.

Planning for estate taxes.

If your obtaining a traditional SBA loan.

Starting a business partnership.

If you have a succession plan needing insurance. 

 

If you purchased a new car or home.

What fees might you find in your policy?

  • Premium expense and sales charges.

  • Administrative fees.

  • Policy fees.

  • Increasing death benefit costs.

 

Common Issues with Whole Life and Cash Value Life Insurance

  • Through our research and client reviews we have discovered the following common issues:

  • Net losses of negative 20% - negative 50%.

  • Remember: the S&P 500 has averaged a 10% return for the past 20 years and 7% after accounting for inflation. 

  • No liquidity for up to 15 years. 

  • Surrender charges of up to 100% of your cash value

  • Many of the policies were sold through unfortunate recruiting schemes from non finance professionals.

 

Helpful Tips

  • Review your policies carefully.

  • Avoid anyone who does not have a place of business, references or life insurance agents disguising themselves as "Financial Counselors." 

  • If you want tax deductions - you can get them inside of traditional financial vehicles. Those are: IRA's, 401(k), SIMPLE plan, Profit Sharing and SEP's, to name a few.