Protect Your Wealth From Risks You Can't Predict

Heirloom approaches insurance and risk management as a planning function—not a sales function. The firm does not sell commission-based insurance products and does not receive compensation for recommending specific policies. Every recommendation is evaluated within the context of a comprehensive financial plan, ensuring that insurance decisions are made solely in the client’s best interest.

Heirloom does not take a blanket stance that annuities are always good or always bad. Instead, existing annuities are carefully reviewed to determine whether they actually serve a purpose within the client’s plan. In some cases, an annuity may be appropriate to keep—particularly if it offers strong guarantees that cannot be replicated elsewhere. In other cases, annuities may have been sold without a clear rationale, which is often where problems arise.

Two of the most common issues are being oversold into annuities and being underinsured on life insurance. Many clients cannot explain why they own a particular annuity or what role it plays in their plan. On the life insurance side, coverage often fails to keep pace with rising income, growing families, or evolving goals—leaving loved ones financially exposed if something were to happen.

Life insurance is evaluated based on income, dependents, lifestyle, and long-term goals, not generic rules of thumb. Heirloom works with independent third-party insurance specialists to survey the broader insurance market and present options, while remaining fully objective in the recommendation process. The goal is to ensure coverage evolves as a client’s life and responsibilities change.

Insurance decisions are closely tied to broader planning goals, including early retirement. For clients who retire before Medicare eligibility, healthcare and insurance costs can be substantial and must be modeled into the plan in advance. Heirloom integrates these expenses into the financial plan so clients understand how insurance impacts cash flow, taxes, and long-term sustainability—eliminating surprises later on.