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