Insurance Services

Making the Most of Your Insurance Portfolio

Few people are aware that the life, disability and long term care insurance policies they purchased as recently as five years ago might be unnecessarily costly or lacking critical new benefits due to the availability of a new generation of insurance products.

When you purchased your policies, you may have made certain assumptions about policy charges, interest rates, planned premiums, and other issues. But life is constantly changing. The original reason for your purchase may still exist, yet your needs may have changed, requiring more or less coverage. That’s why it’s important to regularly review all of your personal and business insurance coverages.

A Versatile Multi-Purpose Planning Tool

Two important aspects of financial planning involve managing risk and transferring wealth to the next generation. In many instances, the tax advantages of life insurance make it a preferred vehicle for purposes such as:

  • Providing income replacement for your family and business
  • Passing family and business wealth to future generations
  • Providing supplemental tax-free income for retirement
  • Funding business strategies such as buy-sell agreements and deferred compensation programs
  • Charitable giving

Optimizing Your Insurance Investment

Whether you are evaluating existing coverage or are seeking new insurance, Velekei Giles uses several proprietary processes to:

  • Help identify the type of policy that fits your current needs (Life Assurance 360);
  • Help you obtain favorable policy pricing (Underwriting Advocacy); and
  • Provide on-going policy management to help connect your expectations of promised policy benefits with actual results (The Policy Management Company).

Life Assurance 360

Whether you are evaluating existing coverage or seeking new insurance, Velekei Giles uses a unique five-step process called Life Assurance 360™ to make certain that your policy fits your current needs and continues to serve its intended purpose for the duration of the policy.

By taking a comprehensive, 360° approach to designing, implementing and managing life insurance, we believe that the outcome produced for our clients is better than when each of these steps is addressed in isolation…that the whole is indeed greater than the sum of its parts.

Underwriting Advocacy

A Proactive Approach to Obtaining Favorable Underwriting Offers and Policy Pricing

What many people don’t realize that the single greatest impact on the price of a life insurance policy is professional management of the medical underwriting process.

Using our knowledge of how carrier underwriters, medical directors, and actuaries make decisions, we proactively position your life insurance application it its most favorable light.

We accomplish this through a proprietary informal underwriting process where we complete 90% of the underwriting BEFORE an application is submitted to an insurance company. This preliminary process enables us to pre-qualify underwriting offers from insurance companies, while protecting your Personal Health Information from the Medical Information Bureau so that your insurability remains unchanged.

As a result, we are able to deliver the best possible underwriting offers to our clients. Once received, the top offers from various companies are analyzed by our team. We match the best underwriting results to the appropriate product and optimized solution. We then discuss all of this information with you so that you can make an informed decision.


The Policy Management Company

Enhancing your Insurance Experience by Bridging Expectations with Results

Through our relationship with the ValMark Companies, we have access to The Policy Management Company which provides policy monitoring and management services for our clients’ in-force life insurance policies.

This is accomplished through an effective combination of technology, a dedicated team of policy management experts, and a professional process developed from ValMark’s 50+ years of experience with sophisticated life insurance policies.

Together, they form a durable bridge connecting your expectations of promised policy benefits with actual results. Our goal is to give you the assurance of ongoing policy performance while creating what we believe is a superior insurance experience. Potential advantages to both policy holders and trustees include:

  • Assurance of ongoing policy performance
  • Access to all policy information in one centralized location
  • Assurance that your insurance needs are always covered
  • Automated trust administration and documented policy performance
  • Assurance of ongoing service by a trusted third party

Life Settlements

Our strategic back-office partner, Valmark Financial Group, has developed a unique compliance-oriented marketing system called The Life Settlement Advocacy Program™ to guide us through a life settlement transaction and ultimately provide the highest level of value for a client’s life insurance policy.