Insurance and Risk Management

Protect the plan from the things you cannot predict.

A great retirement plan can still be derailed by a single unexpected event: a long illness, an early death, a lawsuit, a market shock at the wrong moment. Insurance and risk management is the part of your Legacy Blueprint that protects everything else, using the right coverage in the right amount and nothing you do not need.

What insurance and risk management is

It is the disciplined review of what could go wrong and how your plan would absorb it. That means examining your life, long-term care, liability, and other coverage, identifying gaps that would hurt your family, and removing expensive policies that no longer serve a purpose.

The goal is protection that fits your plan, not a pile of products.

Signs your coverage needs a review

You bought insurance years ago and have never had it reviewed against your current plan.

You are paying premiums on a policy and are not sure what it is for.

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Your family would face financial strain if something happened to you.

You have significant assets but have never considered liability protection.

How this fits The Legacy Blueprint

Risk management protects all three pillars by keeping a single bad event from forcing you to undo your Keep, Grow, and Leave strategies. We review your coverage in Phase 2 and revisit it in Phase 4 as your needs and your assets change.

What we review

Our approach

Here is what sets us apart: as a fee-based fiduciary firm, we are not in the business of selling you policies for commission. We start by asking what risks your plan actually faces, then recommend the least amount of coverage that addresses them.

Sometimes that means adding protection. Often it means removing a costly policy you no longer need.

Why a fiduciary approach matters here

Insurance is the area of financial services most distorted by commissions, where the incentive to oversell is strongest. A fiduciary is required to recommend only what serves you, which is exactly the protection you want when the topic is protection itself.

Longevity makes all other risks greater.

Related services

Your plan is coordinated, so this service rarely works alone. It connects most closely with:

Estate and Legacy Planning

Coordinate succession and legacy.

Healthcare Planning

Medicare, surcharges, and long-term care.

Retirement Income Planning

Replace business income with a paycheck.

Insurance and risk FAQ

Do I still need life insurance in retirement?

Sometimes yes, sometimes no. It depends on whether anyone still depends on your income, your estate goals, and your other assets. We help you decide based on your plan, not a sales target.

I have a policy I do not understand. Can you review it?

Yes. We regularly review existing policies to see whether they still serve a purpose. In some cases keeping them makes sense, and in others you may be paying for something you no longer need.

Do you sell insurance products?

We are licensed to sell some insurance products. However, our focus is fiduciary advice, not insurance sales. When coverage genuinely improves your plan, we help you identify the right kind and amount and explain the tradeoffs clearly, with your interests first. In most cases, we refer insurance business out to specialists we trust, because the right coverage matters more to us than the commission.

What is umbrella liability coverage?

It is additional liability protection above your home and auto policies, which can matter for households with significant assets. We help you decide whether it fits your situation.

Can the wrong insurance actually hurt my retirement?

Yes. Overpaying for coverage you do not need drains money that could be working in your plan, and the wrong product can lock up assets or carry hidden costs. Reviewing what you own is often as valuable as adding anything new.

How often should my coverage be reviewed?

At least every few years and after any major life change. Your needs shift as your assets grow, your family changes, and you move through retirement, so coverage that fit a decade ago may be wrong today.

Make sure your plan is protected

Your free assessment can include a review of where your plan is exposed. About 15 minutes, no cost, no obligation.

Prefer to talk first?

Disclosures: Investment advisory services are offered through Kraus Capital, a registered investment adviser. Advisory services are only offered to clients or prospective clients where Kraus Capital and its representatives are properly licensed or exempt from licensure.

Brian Kraus is a CERTIFIED FINANCIAL PLANNER™ professional. The CFP® marks are owned by the Certified Financial Planner Board of Standards, Inc. and are used in accordance with CFP Board guidelines.

Charles Schwab serves as the independent custodian for client assets. Kraus Capital is not affiliated with, and does not receive compensation from, Charles Schwab for custodial services. No strategy assures success or protects against loss. Past performance is not a guarantee of future results.

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