Selecting the right insurance carrier is a critical element of a comprehensive program of risk management. Our Relationship Managers review our clients' entire portfolio regularly to help minimize risk and maximize financial security, while offering insurance solutions from some of the country's leading carriers. Lenox Advisors has the knowledge and resources necessary to meet a wide range of needs:
Disability Income Insurance
Disability Income Insurance is an often overlooked piece of an individual's financial picture. We specialize in providing the most appropriate coverage for our clients. Lenox Advisors assesses any “gaps” which may exist in their disability coverage and recommend whether individual supplemental coverage might better meet the unique needs of any of your executives.
Group Variable Universal Life Insurance
Group Variable Universal Life Insurance (GVUL) combines the basic component of group term life insurance protection and the potential for account value accumulation in a separate account. It's an economical way for you to provide a quality benefit that your employees will value and appreciate. The “one-size-fits-all” group term life plans on the market may not be the best approach for you and your employees. Lenox Advisors can help build a program that is ideal for you both.
Account values in the separate account are not guaranteed. Allocation of the net premium to investment options in the separate account may go down due to market fluctuation affecting the underlying investments.
Variable life insurance policies are sold by prospectus. Before purchasing a variable life insurance policy, investors should carefully consider the investment objectives, risk, charges and expenses of the variable like insurance policy and its underline investment choices. For this and other information, obtain the prospectuses for the variable life insurance policy and its underlying investment choices from your registered representative. Please read the prospectuses carefully before investing or sending money.
Long Term Care Insurance
Long Term Care Insurance* has been one of the fastest growing segments in the insurance industry for the past five years. Lenox Advisors keeps pace with the demand as well as the dynamics to match the coverage and carrier to each client's particular situation. Through an employer group, rates are discounted by 5-10%. Applicants may also be eligible for spouse discounts up to an additional 30%. Discounted rates can also be extended to an employee's parents, grandparents and parents' in-law.**
Group Personal Excess Liability Insurance
Group Personal Excess Liability Insurance provides an additional level of liability protection beyond the coverage offered by basic insurance policies. Up to $50,000,000 is available for each employee in a defined group, helping to assure that the most valued staff members’ personal assets are protected — vital in the event of a lawsuit.