How High Net Worth Families Overpay to Be Underinsured
In 2010 and 2012, ACE Private Risk Services® conducted a survey of more than 600 independent insurance brokers and asked if their clients were over or underinsured with their mass-carrier insurance for 21 types of coverage.
The results were not supportive of mass-carrier coverage, to put it politely, showing less than diligent concern a nonpersonalized insurer can have for a client’s financial security. According to the survey, 63 percent of independent insurance agents were able to insure a new client properly and keep the annual premium at no more than 5 percent above the mass-carrier price. In half the cases, it was less.
To learn more, read the white paper, Wealth at Risk: How High Net Worth Families Overpay to Be Underinsured, a white paper from our Partners at Assurex Global and ACE Private Risk Services®.
We hope after reading this white paper, you are able to determine if you are also overpaying to be underinsured, and what steps you can take to be more financially secure in the future.
Material posted on this website is for informational purposes only and does not constitute a legal opinion or medical advice. Contact your legal representative or medical professional for information specific to your legal or medical needs.