Insurance Management

At Walla Street Wealth Management, Inc., we realize that protecting your wealth isn’t as exciting as growing your wealth, but “It’s not about what you make, it’s about what you keep.” For this reason, an optimized insurance strategy is one of the most essential components of a successful financial plan. As you encounter both expected milestones (such as getting married, having children or buying a home) and unexpected difficulties (such as an accident, an illness or a divorce), having an optimized insurance strategy will help to protect your assets as you continue to pursue your goals and objectives.

Types of Insurance

• Life Insurance (Term, Universal Life, Indexed UL, Variable UL)

• Health Insurance (Individual/Family Medical, Medicare Advantage/Supplements)

• Disability Income Insurance

• Long-Term Care Insurance & Long-Term Care Riders

At Walla Street Wealth Management, Inc., we will provide an independent and unbiased analysis of your life, health, disability and long-term care insurance plans. Through our analysis, you will gain a thorough understanding of the protection that you currently have in place. As an independent firm, we have access to hundreds of insurance carriers nationwide - representing thousands of available insurance products. This flexibility allows Our Team to provide only the most competitive combination of coverage and rate in the industry.

Our Philosophy of Insurance

Insurance is often a misunderstood component of a successful financial plan. The fact is, not everyone needs life insurance, or disability income insurance, or long-term care insurance. At Walla Street Wealth Management, Inc., our philosophy of insurance starts with a two-step process:

• Identifying the risks that may exist

• Determining a strategy to help mitigate those risks.

Our clients face a multitude of risks every day - illness, divorce, death, market corrections, accidents, etc. As Our Team considers the risks that you may encounter, we’ve determined there are three options when designing an optimized insurance strategy - avoid risk, retain risk, or transfer risk.

• Avoid Risk - Avoiding Risk involves changing your plans in order to prevent the risk from arising (e.g., not driving a car avoids the risk of a potential car accident).

• Retain Risk - Retaining Risk involves taking the chance that the negative impact will be incurred (e.g., choosing to “take your chances” rather than buying a homeowner's insurance policy).

• Transfer Risk - Transferring Risk involves outsourcing the risk to a capable third party (e.g., buying disability income insurance transfers the financial risk of a disability to the insurance company).

We view the role of insurance as simply a method for transferring risk from you to an insurance company in exchange for a payment. Our wealth management team's role in the insurance management process is to analyze each of the risks that you may encounter, and to determine which of those risks should be avoided, which risks should be retained, and which risks should be transferred.