An Insurance Partner with Integrity
For a holistic financial planner, a partnership with First Element Insurance Planners (FEIP) represents an extension of the planning team that makes it comfortable and easy to address insurance without having to be the expert.
St. Louis Office:
11433 Olde Cabin Road
Suite 250
Saint Louis, Missouri 63141
Our Evaluation Process
LOCATION
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CONTACT US
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Through countless focus groups, the leadership team at First Element learned what’s most important to holistic financial planners and developed a proprietary system designed to fit into the overall financial planning process.
Review Policies
Analyze Market
Access Experts
First Element is not owned or controlled by an insurance company. We survey the market in every situation to ensure the best possible options are presented to the client in the most objective manner possible.
Risk Management Consultants at First Element are fully salaried and earn no bonuses or other incentives based upon “sales.” Further, any commissions made payable to the firm are fully disclosed to the client.
THE BENEFITS OF A PARTNERSHIP WITH FIRST ELEMENT
Don’t Just Take it From Us…
"Over 15 years ago, Buckingham Asset Management and BAM Advisor Services created BAM Risk Management to provide high level risk management and insurance resources to firms and their clients. Due to the evolution of the financial services industry, we made the strategic decision to go fee-only, but wanted to keep the risk management resources and personnel consistent for our advisors. First Element Insurance Planners continues the client centered approach to risk management and I would highly encourage any RIA to work with this group of insurance and estate planning experts, who operate with the highest level of professionalism and integrity.”
-Adam Birenbaum, CEO of Buckingham Wealth Partners
Contact us today to learn more about partnering with First Element Insurance Planners
First Element Insurance Planners (FEIP) provides turn-key evaluation processes that make it easy and comfortable for advisors to engage clients about risk management.
While each process has a different focus, they all follow the same basic structure, making it easy and predictable to leverage the heavy-lifting and expertise onto the First Element team.
Sample Life Insurance Policy Review
First Element brings value to advisory firms who desire to provide holistic, comprehensive planning for their clients. For those firms, the benefits of a First Element partnership include:
CLIENT FIRST
Advisors have peace of mind in knowing clients’ best interests are being placed at the forefront of every interaction.
CLIENT RETENTION
Studies show firms providing expert consultation in multiple areas of financial planning experience higher levels of client retention and are more attractive to potential new clients (in comparison to firms providing only investment and retirement advice).
EXPAND THE TEAM
Add high-level risk management specialists onto the RIA's team without fixed overhead costs (salaries, retirement benefit, healthcare costs, payroll tax, etc.).
Working with BUI's advanced planning team translated into exceptionally sophisticated resources and business succession planning.
First Element provides consultative, interactive guidance in the areas of life insurance, long-term care insurance, disability income insurance, annuities, estate planning, business succession planning and executive benefits.
Your Clients Want (and Expect)
Insurance Planning
First Element conducted countless focus groups with holistic financial planners with the goal of understanding concerns, identifying value and learning how to be the best possible partner. While there were clearly a number of hurdles to overcome (namely the stigma associated with insurance planning), among the greatest benefits of incorporating insurance planning into an advisor’s regular practice was adding value to review meetings. Insurance planning represents an opportunity for advisors to demonstrate their breadth of knowledge, protect their clients’ plans, help clients save money and bring new substance to review meetings.
ADVANCED PLANNING
Performance Evaluation: The review of the performance of existing, permanent life insurance policies.
LTC Evaluation: An analysis of a client’s Long Term Care insurance options based upon stated goals and objectives.
Estate Evaluation: A robust review of a high net worth client’s estate plan by a qualified estate planning expert.
Business Succession Evaluation: The review of an existing business succession plan or the blue print of a new plan, if one does not currently exist.
Key Person Evaluation: An analysis of the loss of a key employee on a client’s business.
Income Replacement Evaluation: Ascertaining an appropriate amount of life insurance coverage to replace lost income upon a client’s death.
PROACTIVE PLANNING
TRANSPARENCY
Many of the most client-friendly products in the insurance market are commissioned. FEIP provides full commission disclosure to clients.
Turn-key evaluations make it easy to address insurance in a simple, process-driven and proactive fashion.
OBJECTIVITY
ENHANCED CLIENT REVIEWS
Professional resources and turn-key planning tools allow advisors to delve deeper into planning needs of their clients during review meetings.
Dozens of insurance carriers and products are researched to ensure the best possible options are provided. First Element is not owned or controlled by an insurance carrier.
P: (866) 351-3745
P: (314) 733-9772
F: (314) 392-2854
SALARIED EMPLOYEES
Anyone in a position to make recommendations to a client is a salaried employee whose compensation is unchanged based upon what is or is not recommended.
How the FEIP Process Works