In today’s ever-increasing litigious society, its easy to understand the importance of having the correct insurance program, however a small percentage of affluent American families have adequate protection. The purpose of this white paper series is twofold. First, to explore why there is a disconnect between the wants and needs of successful families and the risk management programs they actually have. And second to educate families and advisors with the information they need to know, but are not currently getting.
To understand wants and needs, we must first know the concerns wealthy families have. A study performed by Russ Prince, of families with a net-worth greater than $10 million found they worry most about…
