Minnesota Medicaid Compliant Annuities Insurance Attorney

Risk management and asset allocation

Insurance is one way to mitigate the risk of contingent and uncertain loss.  The monthly premium secures a guarantee that you will be reimbursed for the costs of catastrophic events covered by the policy.  Policyholders who faithfully pay into this promise often expect to be paid as soon as a catastrophe occurs and a claim is filed. 

Insurance is also an effective tool utilized to accomplish estate planning goals.  Insurance contracts give you the assurance and peace of mind to rely on the contract to obtain a specific result.  Insurance is often used as a wealth enhancement vehicle, not just a risk mitigation measure. How you own your insurance policy can have a significant legal impact on your estate plan.

One of the often-insured risks is that of the nursing home.  Not all long-term insurance is the same. Educating yourself as to the terms of the contract and the laws of the state can make all the difference in how comprehensive your insurance coverage is. 

Most insurance agents are unqualified to give legal advice.  However, insurance coverage is a relevant part of your estate plan.  At the Holker Law Offices, you can visit with an attorney who has experience as an insurance agent. We can advise you on any of the following legal issues:

• Irrevocable life insurance trusts (ILITs)
• Key man insurance
• Buy-sell agreements
• Policy terms
• Medicaid compliant annuities
• Modified endowment contracts
• Insurance premiums
• Minnesota Partnership Plan

 Call (763) 416-1672 or contact us online to schedule a free initial consultation.