• Risk comes from not knowing what you're doing

    Warren Buffet
  •   It's only when the tide goes out that you discover who's      been swimming naked

    Warren Buffet
  • “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.”

    Warren Buffet
  •  “Never ascribe to malice that which can adequately be     explained by incompetence.”

    Napoleon Bonaparte
  • While nothing is more uncertain than a single life,nothing is more certain than the average duration of a thousand lives.

    Elizur Wright
  •  Life is a sexually transmitted disease and the     mortality rate is one hundred percent.

    Ronald David Laing
  • Fun is like life insurance;the older you get,the more it costs.

    Frank McKinney Hubbard
  • Once you're retired and are no longer counting on earned income to live on and supplement your nest egg, you're done with disability insurance.

    Jean Chatzky
  • If there is anyone dependent on your income - parents, children, relatives - you need life insurance.

    Suze Orman
Iris Wealth Advisory, A Registered Investment Advisor Firm


Nothing generates more debate than whether insurance is required. Also, whether there is an adequate amount of policy value to cover catastrophes. Luckiest people make it through life without the use of adequate insurance. Unlucky people will expose their families to unwanted stress and disastrous financial situations if they become a bad statistic. There is not much of a financial planning if your whole family’s finances are one step from disaster due to an accident or injury to one spouse/partner. Prudence lies in choosing wisely to protect and enhance your estate and wealth.

Insurance companies

Insurance companies are some of the oldest companies, that have stood the test of time, and have been models for risk 

management and investment. They have a record of paying their commitments whether it is an 

insurance claim or an annuity payment commitment.

Most of us don’t even think twice to get auto liability insurance because state law requires us to have that kind of insurance. But what about the person that is inside the car, driving it? Is he/she/family adequately protected in case of an accident? If you borrow using any of your properties as a collateral, (whether it’s a car, home or business) your bank requires you to have comprehensive coverage that covers the value of such property. What about the value of life insurance/disability policies on you or your spouse/partner?

A well-designed policy

A well-designed policy should enhance your financial plan and prevent 

any financial stress in case of an unwanted catastrophe. It should be 

based on your current assets, liabilities that will come due upon an 

unwanted and untimely death.

The group insurance 

The group insurance that you get from your employer doesn't usually cover all your expenses, especially when you are younger. It is capped 

off at a lower minimum, as there is no medical checkup involved, in 

most cases.

Most of us work for different companies

Most of us work for different companies (4-10 according to some researchers) now in our lifetimes, because of the nature of 21st century employment. Here are some questions to ponder based on that statistic:

What happens to your group insurance when you leave the present company you're working for?

Will you be eligible to buy new insurance as you are getting older and god forbid develop a chronic illness/condition?

Will the rates remain the same throughout your life?