INSURANCE CONSULTING
WHAT IS TRIUNE'S INSURANCE EXPERTISE?
In its purest form, insurance is simply a risk-transfer mechanism. For hundreds of years in America families, corporations, trusts and estates have entered into agreements with various insurance companies to transfer a portion of their risk to the insurance company in exchange for a stated premium cost. However, the "insurance world" has made this far more complicated than it need be. Triune has the requisite expertise in life insurance, disability income, long-term care and group benefits to both consult with clients on insurance coverage they may already have and arrange for any new insurance the client may need.
HOW DOES INSURANCE CONSULTING WORK?
Analysis of existing insurance: Triune will monitor and analyze existing life, disability and long term care contracts that you may own today. We will obtain data from your insurance company along with company rating reports provided by independent ratings services such as Moody's, Standard & Poor's, A.M. Best and others. Our philosophy is simple: We view the policies as if they were our own. We ask ourselves if we would continue to own them if we were in your shoes and if any changes or modifications to the policies should be made. We then provide qualitative and objective data to support our research so that you can decide what is truly in your best interest.
TRIUNE INSURANCE CONSULTING SERVICES
We review and monitor the following types of insurance policies:
- Life Insurance:
- Term
- Whole Life, including Vanishing Premium, a.k.a. "Premium Offset" or "N-Pay" policies as well as policies with large loans
- Universal Life (often overpriced and underfunded)
- Variable Life (because of equity sub-account volatility premiums are unpredictable)
- Split Dollar policies
- Group Term Life
- Group Life Carve-Out
- Policy Valuations (usually for gift, estate and income tax purposes)
- Individual Disability Income & Group Long Term Disability
- Long Term Care
TRIUNE'S METHODOLOGY:
Our goal is to make every client an informed insurance consumer and we use the following methodology when working with clients:
- Define the scope of work in advance
- Obtain Data from you and your Insurance Company
- Obtain Ratings Reports from various Independent Ratings Agencies
- Prepare a written Summary of your Options and our Recommendations
IF NEW COVERAGE IS APPROPRIATE
Triune's founders formed a separate corporation, Triune Insurance Partners, Inc., to assist our clients who need to obtain new, different or additional insurance coverages. Triune Insurance Partners, Inc. is an independent insurance corporation licensed with many top-rated carriers in our respective markets. As an independent firm, we can search the markets for the highest-rated insurance companies, offering the most competitive plans at the least expensive premium cost. Never, under any circumstances, will we sacrifice the quality of the insurance carrier. And we pledge to offer you several choices which reflect the criteria mentioned above.
Our new business process shepherds your application through underwriting until your policy is issued. Triune will then contact you each year to ensure your coverage terms are commensurate with your changing life's circumstances as well as with the current insurance marketplace.
