A well-built financial plan accounts for what can go wrong, not just what you hope will go right. Most people pour their energy into growing wealth and quietly ignore the events that can erase years of it. A disability, an extended care need, an untimely death, a major liability claim, or simply carrying the wrong coverage can do more lasting damage than any market downturn. The back nine is about protecting what you have, and that protection deserves to be as thoughtfully designed as the investment side. That is the work here.
We start with the risks most likely to matter to your household.
Income protection
For most people still working, the largest asset is not the portfolio. It is the ability to earn a living. Disability coverage protects that earning power if illness or injury takes it away, and it is the gap we find left open more than any other.
Long-term care
The cost of extended care is one of the largest and least planned-for risks in retirement. We help you weigh how to cover it, through insurance, your own assets, or some combination, before the need arrives and the options narrow. This is a far better conversation to have a decade early than a day late.
Life insurance
The right amount, type, and duration depend on who relies on you and for how long. We look at whether your existing coverage still fits, and whether you are paying for more or less than your situation calls for. We also look at who owns each policy, since ownership quietly shapes how the proceeds are taxed and how they land in your estate.
Liability and the slow risk of underinsurance
Coverage that was right ten years ago can quietly fall behind a growing net worth. We look at where a single lawsuit or uncovered loss could reach the assets your other policies were meant to shield, including whether an umbrella policy belongs in the picture. Net worth tends to grow faster than the coverage protecting it.
Business protection
If you own a business, much of your family's security may be tied up in it. We help you think through the coverage that keeps a business intact through an owner's death or disability, from key-person protection to the funding behind a buy-sell agreement, in coordination with your attorney.
We review your existing policies for cost, coverage, and continued fit with your life as it is now, not as it was when you bought them. We flag the gaps where your household is exposed and the surpluses where you are paying for protection you no longer need. Insurance is one of the rare corners of personal finance where families manage to be underprotected and overcharged at the same time. Where a change makes sense, we help you put the right coverage in place at a fair cost. Where none is needed, we will happily tell you that too.
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How we are paid on insurance.
CMIA is a fee-based firm, and one of our advisors is a licensed insurance agent. If you choose to put coverage in place through us, the firm or that advisor may earn a commission from the insurance company. That is a conflict of interest, and we would rather say so plainly than bury it in a footnote. You are never obligated to buy insurance through us. Any recommendation we make has to stand on whether it is right for you, and you are always free to take our analysis to any agent you choose.
Our job is to keep the protection layer of your plan quietly working in the background, so that one hard day never undoes years of good decisions.