September 2010
Recommended for:
Family office executives, family leaders and advisors
Insurance is an indispensable risk management tool for families seeking to sustain wealth across multiple generations. Families must manage their insurance needs in a strategic and comprehensive manner. For a variety of reasons, however, delivery of this essential service typically falls short of this goal. In collaboration with national insurance brokerage firm Frank Crystal & Company, FOX identifies the actions that enable some families to be better prepared for future uncertainty and less exposed to risk than their peers. These families and their advisors have embraced four key imperatives, each of which is examined in detail in this study.