“A ship is safe in harbor, but that’s not what ships are for.” – William Shedd

Risks are an unavoidable fact of life, the ever-present thorn in the side of opportunity. Strategic insurance planning for executives involves the detailed analysis of where potential exposures in a plan may exist and whether those risks are acceptable or are prudent to address.

In addressing risks to family wealth, often times shifting liability onto another entity can create the potential for a substantially favorable risk adjusted return. At Spurstone, our approach to insurance planning is grounded in customized analytics and research. We seek optimal risk hedging in order to skew downside risk while limiting potential cost to our clients.

Areas of common evaluation often include:


Life insurance planning for executives can be a complex minefield if not handled properly. Initially, consider the fact that insurance policies inefficiently owned by a financially successful executive could potentially increase family estate tax exposure and you can quickly appreciate the fact that common insurance planning may not be enough for your unique needs.

By focusing on the benefits of highly efficient life insurance ownership vehicles, we can aide in maximizing the ROI of life insurance policies by managing tax exposures on these assets. Understanding and leveraging these planning vehicles can potentially alter the long-term value of insurance planning for your family.

Only once the proper ownership vehicles are chosen can the proper insurance products (i.e. whole life insurance, universal life insurance, term life insurance, etc.) be evaluated and implemented. As your independent consulting firm, Spurstone has access to and evaluates a vast pool of insurers based on financial strength, cost and customer qualitative metrics to determine the appropriate strategy for a client’s given needs.


For many of the client families we serve, funding long-term health care is not the only priority due to the substantial financial assets the family may have. Equally important is the conversation that often evolves around quality of care in the event a person becomes incapacitated or needs additional health care. In these cases, we believe it is critical to create a legal written care document for key members of the family.

A written care document can outline the specific desires an individual or family may have regarding the health care they may require. This can include everything from where care will occur, who will provide, the costs willing to incur and even personal requirements or requests. These documents provide security in knowing you should receive the quality of care you require and deserve regardless of who is administering your financial affairs.

Once the quality of care is determined, we then evaluate the likeliness of incurring these financial costs in order to understand the long-term financial risk. If prudent, we work with our clients to determine whether these risks should be shouldered by the family through self-funding or outsourced via an insurance strategy. By designing a custom insurance strategy, it may be cost advantageous to spread this risk to an insurance partner.


Successful families can quickly become the targets of thieves, criminals, and opportunistic attackers. A simple car accident or fall at your home by a family nanny could quickly spiral to a substantial risk to your wealth. It is prudent to review your liability insurances to evaluate potential gaps as well as ensure cost efficiency.

At Spurstone, we integrate specialist insurance advisor resources to evaluate client liability insurances. This allows our clients the comfort of knowing they are protecting their family against potentially enormous liability as well as malicious attacks.

Insurance policy guarantees are based on the claims paying ability of the issuing company. This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor. Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual.