It is essential that financial advisors make clients aware of the importance of updating their insurance portfolios based on life changes. If a client is underinsured and has to pay money out of pocket to settle a claim or to handle a lawsuit, those funds are most likely going to come from the assets they have invested with their financial advisor. A majority of clients wants an advisor that provides P&C support and a partnership between a financial advisor and insurance agent adds value and differentiation to the advisor’s practice.

Insurance Thought Leadership: “How Insurance Fits in Financial Management” http://insurancethoughtleadership.com/how-insurance-fits-in-financial-management/

Please contact the BF Saul Insurance team for more information regarding your personal insurance needs.