Insurance


Our specialists analyze clients’ financial structures, determine potential risk factors and provide creative insurance solutions to minimize exposure to those clients and their families.

Because asset protection, risk management and insurance are critical elements in any financial plan, Lenox Insurance Brokerage customarily reviews clients’ insurance portfolios and identifies the creative strategies designed to help meet their changing needs at every stage in their lives. Do clients have the right amount of coverage? Do they have the right policies and carriers? Would an annuity with a Guaranteed Minimum Income Benefit rider (at an additional cost) be an appropriate part of their risk management planning?

Lenox Advisors’ life insurance portfolio is comprised of products offered by some of the country’s most financially sound insurance carriers. Whether the client needs a simple life insurance policy or a more complex private placement life policy, Lenox Advisors’ specialists have the expertise and resources to meet that need.

Lenox specializes in providing customized supplemental Disability Income Insurance coverage for senior executives through corporate-endorsed benefits programs. This is an often misunderstood and overlooked piece of an employee’s financial security.

And finally, as long term care costs continue to rise, about 10 million Americans age 65 and older now depend on long term care services, and that number is expected to double by 2040.¹ Additionally, an estimated 70 percent of people who reach the age of 65 will need some form of LTC before they die.² Our long-term-care specialists work with each client to identify the appropriate options that will help best to protect their assets and preserve their independence.

Selecting the right insurance is a critical element in a comprehensive program of risk management, but it’s only one element. As clients’ lives changes, so do their needs. The specialists at Lenox Advisors review with clients their entire portfolio regularly to help minimize risk and maximize financial security.

1. "Report Projects Future Need for Long-Term Care, Effects on Family and Public Policy." The Urban Institute. 5/7/07.
2. Council of Economic Advisors. Economic Report of the President. Washington, DC: U.S. Government Printing Office. February 2007."

Estate Planning

Sophisticated estate planning that includes asset protection, gifting strategies and charitable planning are essential parts of all wealth management.

No matter how much wealth you accumulate, or how large your estate, taxation can consume a large portion of your wealth at the time of your demise, especially with constantly changing tax laws. Lenox Advisors works in a team approach with legal & tax advisors who are expert in current tax and estate regulations to develop an estate plan to best meet your personal and business goals.

“Estate Planning is normally the most overlooked aspect of one’s planning. It takes creative thought and insight to coordinate one’s estate plan with their financial plan so they are not working independently.”

— Richard P. Van Benschoten,CFP Managing Partner

Many times, this process is as simple as having an attorney update your Will or the creation of an Irrevocable Insurance Trust. Other times, an estate plan involves more complex and sophisticated planning techniques such as:

  • Valuation discounts
  • Complex gifting strategies
  • Family Partnerships/LLC’s
  • GRATs
  • Charitable Remainder Trusts

Income and tax laws are constantly changing. We see it as our job to help keep you abreast of how these changes affect your own estate plan.

Charitable giving

Your charitable giving says more about who you are and the legacy you want to leave. Of the many financial tools available to individuals with substantial assets — your support to foundations and charities through endowments and trusts is the most powerful statement of your values and hopes.

Of course you already know that your gifts of cash, stocks and bonds to charity receive tax deductions…

But did you know it is also possible to make those gifts, receive a current tax deduction and create a flow of income from the charity to replace the value of the gifted asset for heirs outside of your estate? Charitable giving is one of the most powerful estate planning tools there is. The power of doing something meaningful for those less fortunate, and at the same time making your retirement and estate plans more efficient, is an analysis we’ve perfected.

“It is a tremendous feeling knowing you can help others with the wealth you have built over your lifetime and at the same time do smart tax reduction strategies for your family.“

— Michael A. Book, Managing Partner

  • Life Insurance
  • Disability Income Insurance (Personal and Corporate Sponsored)
  • Long Term Care Insurance (Personal and Corporate Sponsored)
  • Fixed and Variable Annuities
  • Private Placement Life Insurance
  • Private Placement Variable Annuities
  • Home, Auto and Umbrella Liability Insurance*
  • Ownership Structure, Trusts
    Buy/Sell Agreements (Life & Disability)
  • Key Person Coverage
  • Business Succession Planning

* Provided by third-party vendors

“Insurance planning can be an intimidating process. We focus on educating our clients so they can make informed decisions on protecting themselves and their families.”

Tom Henske, CFP®
Partner, Lenox Advisors

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*Fee-based financial planning services offered through Lenox Advisors, Inc. Lenox Advisors, Inc., offers access to securities and asset management services through MML Investors Services, LLC., 530 5th Avenue, 14th Floor, New York, NY 10036, 212-536-6000, member SIPC. Investment adviser representatives of Lenox Advisors, Inc. offering fee-based financial planning services may also be registered representatives and investment adviser representatives of MML Investors Services, LLC. for purposes of offering securities and asset management services, as applicable. Lenox Advisors, Inc. is a wholly owned subsidiary of National Financial Partners Corp. (NFP). Lenox Advisors, Inc and NFP are not affiliates or subsidiaries of MML Investors Services, LLC. Services offered through Lenox Advisors, Inc. as an Independent Registered Investment Advisor are not sponsored or offered through MML Investors Services, LLC.

Copyright (c) 2011 Lenox Advisors All rights reserved.

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