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This information provided by Wellspring Associates
Life Insurance Consultants that specialize in helping family offices reduce their fiduciary liability through comprehensive audits of their life insurance portfolios.
Wellspring is committed to helping family offices understand two main things:
- The difference between a life insurance audit and a life insurance review.
- How to reduce fiduciary liability for trustees by understanding that the reduction in liability comes from the depth and frequency of the audits, not the results of the audits.
A Review is performed by the person who placed the coverage and is focused on the life insurance policies and carriers.
An Audit is performed by someone who has dual expertise in advanced planning and life insurance so that they can identify all of the relevant factors that affect the fiduciary liability of policy owners. A life insurance audit includes not only the policy performance, but many other factors, including how the policy is owned and taxed, how the coverage meets the current needs of the family, etc.
Fee-based audits are based on the facts and circumstances of the specific situation.
- Fee-based life insurance audit services offered through Wellspring Planning Group, LLC, a state (GA, TX) registered investment adviser and an affiliated entity.
Families that have trust owned life insurance who want to reduce their fiduciary liability and get a report that highlights all the areas for improvement in their current portfolio.
Families that have life insurance coverage that is over ten years old. Many clients have obtained significantly more coverage for the current premium outlay or have lowered their outlay for the amount of coverage they have by updating their policies.
Families that have a current life insurance acquisition need. Wellspring has assisted clients in acquiring over $7 billion in new coverage.
See the Glossary for definitions of these metrics.
This information provided by Wellspring Associates
See the Glossary for definitions of these metrics.
This information provided by Wellspring Associates
See the Glossary for definitions of these metrics.
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Headquarters
Headquarters:
2200 Century Parkway, STE 750
Atlanta Georgia 30345
United States
Other Office Locations
Other Office Locations:
2000 E. Lamar Blvd., STE 580, Arlington, TX 76006
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