Welcome to WellAcre Global Wealth Advisors, a fee-only fiduciary firm providing holistic financial advice that includes the use of insurance to fill in financial gaps while providing a safety net for your family. We believe in empowering you with the knowledge and foresight needed to understand how insurance can be utilized to protect your financial wellbeing.

Our approach is rooted in personalized, fee-only advice that aims to put you in control of your financial future. Because we are a fiduciary firm, we act only in your best interest, meaning that we aren’t selling insurance, but sitting on the same side of the table with you while you work with your insurance broker. By having a holistic picture of your finances, we can advise you on which policies make the most sense for you.

Unlike many financial advisors, we do not sell insurance. Instead, we act as your knowledgeable consultants, similar to having a trusted mechanic with you when you service your car. Without one, you probably feel like you’re at the mercy of the car dealership because you don’t have the knowledge or credentials to understand “car lingo.” Insurance can be complex and even more costly, so it's crucial to have an unbiased CERTIFIED FINANCIAL PLANNER™ on your side to help navigate these waters. We sit on the same side of the table as you, ensuring your dealings with insurance brokers are in your best interest.

Insurance can mean more than protection or recovering the cost of something that was damaged. It can offer peace of mind and financial security. We specialize in guiding you through insurance planning with a focus on three main types of insurance:

• Life Insurance: Life insurance planning aims to ensure your loved ones are financially protected in the event of your passing.
• Disability Insurance: Safeguarding your income if you're unable to work due to illness or injury.
• Long-Term Care Insurance: Planning for future healthcare needs and avoiding unexpected expenses.

Additionally, many of our clients are concerned with specific policies related to property and casualty (P&C) insurance such as:

• Earthquake Insurance
• Flood Insurance
• Homeowners Insurance
• Auto Insurance
• Umbrella Insurance

Given the changing costs of building materials and the economic landscape, we also emphasize the importance of regularly reviewing these policies to keep pace with inflation and ensure adequate coverage. It is important that you consult with your financial and insurance professionals to ensure that you get a tailored plan for your specific needs.

As a fee-only firm, we prioritize your best interests above all else. Our fiduciary duty means we provide unbiased advice, reducing the conflicts of interest often found in commission-based models. For example, our life insurance advice is completely objective as we don’t sell insurance ourselves and receive no “kickbacks” or commissions from our recommendations. This approach allows us to focus solely on what's best for you and your financial security. We also advise working closely with your whole team of professionals so you have the insights needed to make the best insurance decisions.

Why Is It a Good Idea To Purchase Insurance?
Insurance can be an invaluable tool used to fill in gaps in your financial plan. If you have areas or assets that are particularly vulnerable, insurance can provide a safety net. A life insurance investment is just one way you can create a cushion for your loved ones in the event of your passing. 

What's the difference between term and whole life insurance?
Term insurance provides coverage for a specific period, while whole life combines insurance with a savings component. The kind of life insurance you purchase depends on many factors which is why you should consult with your team of professionals before committing to a particular plan.

When should I consider long-term care insurance?
Planning ahead is crucial. Long-term care insurance is best purchased before retirement to secure lower premiums and ensure coverage when needed most. Many find themselves facing unexpected long-term medical needs which are typically not covered by normal health insurance. Paying for this care can leave your savings and assets vulnerable.

How can disability insurance benefit me if I'm self-employed?
Disability insurance is potentially important for all working people, including self-employed individuals as it replaces lost income if you're unable to work due to illness or injury. It ensures you can continue to meet financial obligations and maintain your standard of living during periods of disability.