SERVICES

 

Request Disability Insurance and Long-Term Care Reviews,  Illustrations, and Policy Placement Support.  

NAPFA

 

Request information about the Exclusive NAPFA Member Individual Disability Discount Program through Principal Financial. 

NEW ADVISORS

Request a consultation to learn more about how we can add more detail, reliability, and consistency to your insurance planning process

OUTSOURCED INSURANCE REVIEW AND PLACEMENT SERVICES FOR FINANCIAL ADVISORS
DISABILITY, TERM-LIFE, AND LONG-TERM CARE

PHILOSOPHY

Many comprehensive financial advisors understand the importance of detailed insurance review during the financial planning process. Adding MDP Consultants as an extension of your financial planning team provides tremendous value to existing and new client discussions. MDP Consultants was inspired to make sure your clients have the details they need to make the best insurance decisions possible.

 

The foundation of a financial plan is consistent income, savings, and asset protection. 

 

We believe the best way to build a solid foundation is through customized individual insurance products. Group insurance is a useful supplement but it’s instability make it unfit as a foundation for an unpredictable career.

 

We approach every review with these things in mind, believing that individual insurance gives you the power to approach financial planning strategically.

OUR PROCESS

Each client is put through our process, which is inspired by the fiduciary standard. Although we cannot be defined as true fiduciaries, we seek to provide advice at the highest level of consultation.

Optional

Client Goal

Alignment

Clients first complete our Health Planning Questionnaire so we can better align our recommendations to address their planning goals, concerns, and preferences.

 

Policy

Information

Submission

Clients should gather their existing employer certificate and individual policy booklets. This detailed policy information will be included within our overall review and recommendations. 

Financial advisor will submit their client's basic demographic information, along with their specific goals for the overall review. These advisor goals will provide our consultants insight into the client's comprehensive financial plan and help align our recommendations to meet client and advisor objectives.

Advisor

Goal Setting

Our recommendations are based on a contractual and strategic risk assessment of existing coverage. Detailed policy language is reviewed for its effectiveness in meeting client goals and expectations. Policy solutions are customized to address contractual and strategic risk in a standardized report, making it easy to communicate and present findings. 

Observations,

Risk Exposures &

Recommendations

Present &

Record Decisions

We will support direct client consultation and report presentation with each client. Along with the advisor's full support, we encourage the client to make a decision to proceed. We will guide clients through the policy placement process while keeping advisors informed of its progress. Once a policy is placed, the client and advisor receive a comprehensive summary of their new and existing coverage that can be utilized for future reviews and ongoing policy management.

CONTACT US

TO LEARN MORE

6465 Wayzata Blvd. Suite 920, 

Minneapolis, MN 55426

info@mdpconsultants.com

Tel: 855-693-4752

 

6465 Wayzata Boulevard, Suite 920, Minneapolis, MN 55426

855-693-4752