Self Assessment
Ask Yourself a Question or Two...
You've invested diligence, time, and energy in your success, which allows you to lead the lifestyle you enjoy. As you're considering which coverages you may need to protect your high net worth lifestyle, perhaps now is the time to take a hard look at what is at risk.
Personal Property Risks — Do you …
- own high value homes in multiple states or in a foreign country?
- own property located in an area prone to catastrophic loss (e.g., coastal property, earthquake prone, flood zones, etc.)?
- own a home with unique features or building materials?
- have significant collections of fine art, jewelry, silver, wine, or other valuables?
- collect automobiles — antique, luxury, or exotic?
- own personal aircraft, luxury yachts, or other watercraft?
- own thoroughbred horses, ranches, or farms?
- co-own or have property in trust or own as an LLC?
Personal Liability Risks — Do you …
- serve on boards of for-profit and/or not-for-profit organizations?
- maintain a high visibility career or lifestyle?
Wealth Transfer and Life Insurance Risks — Are you …
- planning to buy or sell a business?
- finalizing a private equity event?
- concerned about a life insurance policy that is not meeting your goals?
- planning to retire in the near future, or have you recently retired?
- changing your marital status?
- concerned about paying estate taxes, if your estate is worth $3.5 million or above?
- concerned about how your family will maintain their lifestyle if you were to pass away?
If some of the above questions speak to you, you may benefit from a complimentary consultation with Marsh’s Private Client Solutions group.