Insurance Review | Wisdom, Wealth, and Wellness

Jonathan Satovsky
CFP®, ChFC®, CIMA®, CPWA®, CDFA®, DACFP

Good morning, good afternoon, good evening. Depending on the part of the world you’re in. This is Jonathan Satovsky of Satovsky Asset Management and on today’s episode of “Seeking Wisdom, Wealth, and Wellness,” I want to talk about insurance reviews.

What is insurance? The idea of insurance is generally to protect. To pull resources in order to protect from an outsized, catastrophic event, whether it’s a disability, long-term care, premature death, home/auto liability, hurricane, business, or employment liability—there are all sorts of different types of insurance. But specifically, today, I want to talk about life insurance and I want to talk about permanent insurance.

Now, this is way too much of a topic for a two-minute vlog, but the simple notion is that you have to make a decision whether you want to rent by term and invest the difference, or if you own a permanent policy—in which case, either you’re going to control the investments or you’re going to rely on the insurance company to control the investments. In either case, there are going to be assumptions that are made. Those assumptions rarely play out precisely as assumed. That’s why they’re assumptions. So it requires annual and ongoing reviews to see how the assumptions, the current versus the guaranteed, reprojections play out in order to ensure expectations are matched for sustainability so that the policy doesn’t run out on you.

So you can’t sit still, you’ve got to keep reviewing any investment plan, even if it’s a fixed insurance policy that’s paying a fixed perceived to be the stable rate of return, because the assumptions may change on your path to Wisdom, Wealth and, Wellness. Assure your own sustainability.

Have a great day.

Get the Latest Wealth Insights, Delivered.

Video Recorded April 11, 2023
SHARE
Disclosures

This blog post is not intended to be, nor should it be construed or used as, an offer to sell, or a solicitation or offer to buy any securities or interests in any strategy offered by Satovsky Asset Management, LLC (“SAM”). SAM is a registered investment advisor with the Securities and Exchange Commission – for more information see www.adviserinfo.sec.gov. Please remember that different types of investments involve varying degrees of risk, and that past performance is not indicative of future results. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the strategies recommended or undertaken by SAM) will be profitable. Market index information shown herein is included to show relative market performance for the periods indicated and not as standards of comparison. The market volatility, liquidity and other characteristics of SAM’s portfolio composition are materially different from the securities listed on public market indices. Market index information was compiled from sources that SAM believes to be reliable. No representation of guarantee is made hereby with respect of the accuracy or completeness or such data. Opinions are as of date of video and are subject to change. A copy of SAM’s current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request. SAM undertakes no duty to update information presented herein.

Further Reading

Concentration vs. Diversification | Wisdom, Wealth, and Wellness

Concentration versus diversification. You concentrate to get rich, you diversify to stay rich. This is Jonathan Satovsky of Satovsky Asset Management. On today’s episode of “Seeking Wisdom, Wealth, and Wellness,”...
Satovsky Asset Management The good life

The Good Life | Wisdom, Wealth, and Wellness

Good morning, this is Jonathan Satovsky of Satovsky Asset Management and on today’s episode of “Seeking Wisdom, Wealth and Wellness – Vlog Style,” I want to reference the book “The...
Satovsky Asset Management Surprising end of year

A Surprising (?) End to the Year

It was quite a year. At the start of the year, inflation was at 6.5%. Nearly everyone was predicting a recession. As we went through the year, the Federal Reserve...

Talk to an Advisor today

232 Madison Avenue, Suite 400 New York, NY 10016
(212) 584-1900

© 2024 SATOVSKY ASSET MANAGEMENT | PRIVACY POLICY | FORM CRSTERMS OF USE/DISCLAIMERS

NOT FDIC INSURED. NOT BANK GUARANTEED | MAY LOSE VALUE, INCLUDING LOSS OF PRINCIPAL | NOT INSURED BY ANY STATE OR FEDERAL AGENCY

Website Developed by Finovo

Get Wealth insights Delivered To Your Inbox

Don’t miss a beat – Sign up to have the latest investor insights, mindfulness tips and market news from our blog delivered right to you.