Insurance planning

As wealth grows, so does the importance of managing risk. Not all risk is related to the investment markets. Many of the risks business owners and high net worth individuals face come through taxation, in transferring business and financial assets to heirs, and unexpected life events such as the death of a spouse or family member, disability, or the need for long-term medical care.

Through our risk management services, we help clients develop plans and secure coverage for their wealth, ownership of a business, and other assets. As an independent firm, we shop the insurance markets to find coverage that fits a client’s specific needs whether for term life, universal life or whole life at a reasonable price. We offer no-cost, no-obligation audits of current insurance coverage for clients with existing policies. Often, our audits uncover gaps in the coverage or benefits offered and we can help clients find risk management solutions that match their current needs.

Personal communication
We at Foresight are not mind readers we simply believe in timely and open communication. Foresight advisors understand your ongoing needs and desires through:

  • Regular client reviews
  • Educational events
  • Quarterly newsletters
  • Video communication
  • Client appreciation events
  • Market updates

In short, we get to know you and you get to know us. Your financial plan is truly a snap shot in time. We keep your financial picture in clear focus, with success as our constant objective. To keep everything precise, we talk. We communicate. Continually!

You should expect that of us. We do!

We will perform an Insurance Forensic Audit for every client with whom we meet in order to assess policy performance of existing policies, as well as planning current insurance requirements. The following comprise our unique insurance expertise:

Life insurance

  • Universal Life
  • Indexed Universal Life
  • Term Life
  • Estate Planning Liquidity
  • Business Buy-Sell Life
  • Business Keyman Coverage

Disability Insurance

  • Personal Income Replacement
  • Business Buy-Sell Coverage
  • Business Overhead Expense
  • Keyman Coverage

Long Term Care Insurance & Chronic Illness Care Insurance
This protection is a personal responsibility. There are no plans by the government to provide these increasingly important benefits. Medicare does not provide for Long Term Care benefits.

As an example of the need to have existing insurance examined, approximately 62% of all life insurance policyholders don’t know what they own or how it works! We take the mystery out of the world of insurance!

Conducting reviews is’t difficult, but it does require a systematic approach that produces an informative and unbiased assessment. We are pleased to be able to provide this service to all who desire to understand this important part of their Estate and Financial Planning.

Examining Insurance Requirments & Verifying Insurance Performance

1. Changes Caused by Underfunded Insurance Policies
Former assumption in the past that policies would stay in force as originally illustrated have, in many cases, not met expectations. With extended longevity (people living longer) and in some cases, increased premium costs taking place, there is the possibility that some policies could die before the insured dies.

2. Changes in Policy Beneficiary & Ownership Provisions
Circumstances in family and/or business can disrupt the intent of a policy and its ultimate disposition. Former standard language has sometimes changed regarding who gets what and when.

3. Changes in Market Conditions
Huge differences (i.e. interest rates) may have occurred between an originally illustrated policy performance and that of its subsequent actual historical performance. Again, a result could be that the policy dies before a claim is ever filled.

4. Changes in Insurance Goals & Objectives
Family structure, business succession, as well as legislative changes (i.e. estate tax laws), could very well have effected the requirements for insurance.

5. Changes in Lifestyle
Certain changes in lifestyle could very well cause lower rates to existing life coverage.

6. Changes With New Efficiencies with Insurance Products
Lower mortality costs, medical advances, longer life expectancies, and more refined underwriting have dramatically dropped internal expenses. Also, remarkable new benefits are available today that were not available when some older policies were originally arranged.

7. Changes in Financial Strength of Insurance Carriers.
With the recent financial crises having occurred in the financial world, there is wisdom in assessing the strength of the company that is guaranteeing your insurance benefits.


For existing policies, the following chart indicates procedurally how we examine and assess performance of existing insurance coverages.


  • AIG / American General
  • AIG Annuity Access
  • Allianz
  • Allianz Life of NY
  • Allstate Life of NY
  • American Mayflower
  • American National
  • American Investors Life
  • Ameritas
  • Assurity
  • AVS
  • AXA Equitable
  • Banner Life
  • Columbus Life
  • Equitable Life and Casualty
  • Equitrust
  • Fidelity Life
  • Fidelity Security
  • Fort Dearborn Life
  • Genworth Life
  • Genworth Life & Annuity
  • Genworth Life and Annuity Ins. Co.
  • Genworth Life Ins. Co of New York
  • Genworth Life NY
  • Genworth LTC
  • Gleaner
  • Illionis Mutual
  • ING Northern Life
  • ING Reliastar
  • ING Reliastar of NY
  • ING Security Life of Denver
  • ING Annuity and Life
  • Integrity Life
  • John Hancock Life
  • John Hancock LTC
  • John Hancock of NY
  • John Hancock USA (MAN)
  • Lafayette Life
  • Liberty Life Insurance / RBC
  • Life of Southwest
  • Lincoln Life of NY
  • Lincoln National
  • Lloyd’s of London
  • MassMutual
  • MedAmerica
  • MedLife Investor
  • MetLife DI
  • MetLife LTC
  • Midland National
  • Minnesota Life
  • Mutual of Omaha
  • Mutual Trust
  • National Life
  • Nationwide Provident Mutual
  • New York Life
  • North American
  • North American of NY
  • OM Financial Life Insurance Co.
  • OM Financial Life Insurance Co of NY
  • Penn Mutual
  • Phoenix Life Insurance Co.
  • Principal National Life
  • Principal Life Insurance
  • Protective Life
  • Prudential Life
  • Reliance
  • Standard
  • Savings Bank Life Insurance Co of MA
  • Security Mutual of NY
  • Standard Mutual of NY
  • Standard Insurance Company
  • Sun Life Financial
  • Sun Life of Canada
  • Sun Life of NY
  • Symetra
  • TransAmerica Insurance Company
  • TransAmerica of NY
  • Union Central Life
  • United of Omaha
  • US Life of New York
  • Western Reserve Life
  • William Penn of NY




August 19, 2014:  Markets Fall on Ukraine Fears, Still End Positive

August 11, 2014:  Markets Fired Up

August 4, 2014:  Markets Tumble on Fed Fears

July 28, 2014:  Mixed Growth Expectations Stoke Volatility

July 21, 2014:  Markets Shake Off Global Worries

July 14, 2014:  Markets Slump As Investors Wait For Earnings

July 7, 2014:  Special Quarterly Edition:  Markets End Quarter on High Note

June 30, 2014: Markets Close Mixed

June 23, 2014:  Is the Bull Market Over?

June 16, 2014:  Markets End Slow Week Lower

June 9, 2014: U.S. Economy Regains All Jobs Lost in the Recession

June 2, 2014:  Markets End May at New Highs

May 26, 2014:  Markets Rally on Housing Data

May 19, 2014: Why Are Bond Yields So Low?

May 12, 2014:  Choppy Week Ends Mixed

May 5, 2014: Special Update: The Labor Market in 4 Charts

April 28, 2014:  Markets Retreat Amid Volatility

April 21, 2014:  The Rebound

April 14, 2014:  Learning From A Market Drop

April 7, 2014:  Quarterly Edition:  Winter Chill Causes Volatile First Quarter

March 31, 2014:  Stocks Fizzle Before Quarter’s End

March 24, 2014: Markets Shake Off Global Gloom

March 17, 2014:  Global Concerns Weigh on Markets

March 10, 2014:  SPECIAL UPDATE:  5 Years Later

March 3, 2014:  Russia, Ukraine, Yellen, and Your Investments

February 24, 2014:  Cold Weather Freezes Economic Data

February 18, 2014:  Special Commentary On Janet Yellen And The Federal Reserve

February 10, 2014:  Markets Rally To Erase Some Loses

February 3, 2014:  Markets Sag On Emerging Market Currency

January 27, 2014: Rough Week. Now What? 

January 20, 2014:  Earnings Reversal Sparks Volatility

January 13, 2014:  Stocks Stall on Jobs Data

January 6, 2014:  SPECIAL EDITION:  2013 In Review

December 30, 2013:  Good to the Last Drop?

December 23, 2013:  Taper’s Here, But The Party’s Not Over

December 16, 2013: Second Weekly Loss on Low Volume, Federal Open Market Committee Concerns

December 9, 2013:  Markets Snap Winning Streak by This Much

December 2, 2013:  Markets Continue 8th Week of Rally

November 25, 2013:  Markets Red Hot or Overheated?

November 18, 2013:  Markets Rally For Sixth Week

November 11, 2013:  Economic Data Stokes Volatility

November 4, 2013:  Markets End Mixed on Earnings

October 28, 2013:  The Rally Continues

October 21, 2013:  Markets Soar on Washington Deal

October 14, 2013:  Upbeat Finish on Deal Hopes

October 7, 2013:  Shutdown and Budget Concerns

September 30, 2013:  Volatility, Volatility, & More Volatility 

September 23, 2013:  Special Update:  Debt Ceiling Showdown

September 16, 2013:  Markets up on Syria Resolution and Tapering Hopes

September 9, 2013:  Markets Edgy Over Syria & Tapering

September 3, 2013: Not A Great Month For Stocks

 August 26, 2013:  Markets Mixed Over Tapering Fears

August 19, 2013:  Renewed Tapering Fears Push Down Markets

 August 12, 2013:  Slow Week Ends Lower On Fed Fears

August 5, 2013:  Jobs, GDP and the Fed

July 29, 2013:  A Slow and Mixed Week

July 22, 2013:  The Bull Keeps Plowing Ahead

July 15, 2013:  Bulls Keep Running On Earnings Results and Fed Reassurance

July 8, 2013:  June Jobs Report Sparks Rally

July 1, 2013:  Coping with Volatility 

June 24, 2013:  Markets Slide on Fed Announcement

June 17, 2013:  Markets Fall on Fed Worries

June 10, 2013:  Stocks Stumble, But Regain Footing

June 3, 2013:  The Fed and an Omen

May 28, 2013:  Markets DRop on Fed Fears

May 20, 2013:  Economy Drives Rally Forward

May 13, 2013:  Strong Earnings Promote New Highs

May 6, 2013:  How is the Economy Really Doing?

April 29, 2013:  Slower Growth Ahead

April 22, 2013;  A Difficult Week

April 15, 2013:  New Highs Despite Mixed Economic Data

April 8, 2013:  Rally Softens; But That May Be Healthy

April 1, 2013:  Perspective on the First Quarter

March 25, 2013:  From Cyprus to Congress

March 18, 2013:  Best Streak Since 96

March 11, 2013:  The Bull Charges; For Now

March 4, 2013:  Resilient Markets Shrug Off Concerns

February 25, 2013:  Markets Decline Ahead of Sequestration

February 19, 2013:  Next Move:  Washington

February 11, 2013: A Rally with Less Gusto

February 4, 2013: New Highs! Now What?

January 28, 2013: Markets Higher Despite Mixed News

January 22, 2013: Resilient Markets, Indecisive Politicians

January 14, 2013: S&P at 5-Yr High

January 7, 2013: And Were Off

January 3, 2013: 2012 in Review