Insurance Services

With more than 35 years in the Insurance Industry, it is important to work with someone who can help find the right policy to fit your needs.  It can be quite simple to get an insurance policy.  The details, however, is where you separate the wheat from the chaff. The professionals at Synergy Risk Management, LTD., an affiliate of Synergy Wealth Partners, LLP, have spent the majority of their careers working with all of the major carriers and products in the marketplace. It is this breadth of knowledge that our clients seek in order to maximize their situation.

Life insurance can be critical for individuals, families, and businesses. As one of the founding members of Lion Street, an advisor-owned distribution company, Synergy Risk Management, LTD. has direct ‘buying power,’ providing:

  • favorable mortality underwriting
  • direct access to all major carriers which results in preferential underwriting

With this knowledge, we ‘best fit’ the instrument to the client’s specific needs. The management at Synergy Risk Management, LTD. has a firm understanding of the complexities with policy planning and design, with products such as:

  • Term Insurance
  • Whole Life
  • Universal Life
  • Indexed Universal Life
  • Survivorship Life
  • Life Settlements
  • Premium Financing

Insurance, when used effectively and efficiently, is an extremely powerful instrument. Let Synergy Risk Management, LTD. show you its benefits.

Premium Finance

Synergy Risk Management, LTD. has over 20 years of experience assisting high net worth individuals and businesses with premium financed life insurance.  Utilizing traditional or specialty financial institutions, an owner can borrow the money needed to pay the insurance premiums, assign the cash value of the insurance as collateral and provide any applicable shortfall based upon the financial institution’s requirements.  This planning method is utilized to:

  • Enjoy continued asset growth and income versus using assets to pay insurance premiums (ideally the return exceeds the loan interest)
  • Postpone potential capital gain taxes on the sale of assets to pay premiums / Retain control of valued assets
  • Mitigate potential gift tax issues

Our office works with each client individually to determine the need and suitability of premium financed life insurance.  Due to its complexity, we work with a client’s tax and legal advisors to review the plan and ensure the objectives are clearly defined to achieve the client goals.  Interested in premium financed life insurance?  Please click below to contact our office.