Risk Management & Protection
Your Life. Your Legacy. Securely Protected.
Select The Path That Fits You Best:
The Power of Independence
At Sovran Advisors, independence isn’t just a principle—it’s our promise to you. Free from the influence of external shareholders and proprietary products, we prioritize your goals over corporate interests and sales quotas. For risk management and protection, this means your advisor has the freedom to collaborate with leading insurance carriers and provide you with solutions that align solely to your needs and aspirations.
Individuals & Families
Personalized Coverage for Life’s Uncertainties
Sovran's provides comprehensive risk management and protection solutions for all life stages, ensuring your protection evolves with your changing needs. We’ll take the time to understand your priorities, explore options, and secure the right protection vehicles for your individual circumstances and preferences.
Navigating life’s uncertainties:
Solutions for Individuals & families
Life
Insurance
Provide financial protection for your family with policies designed to replace lost income, cover debts, and ensure your loved ones’ financial security in the event of your passing—within a budget that works for you.
Annuities
Plan for and empower your retirement by leveraging customized annuities that provide a steady income stream, helping you manage expenses and maintain your lifestyle as you transition from work to leisure.
Disability Insurance
Safeguard your income and financial stability against unforeseen circumstances like illness or injury, so you can continue meeting your obligations, even when life takes an unexpected turn.
Long-Term
Care
Prepare for the future with plans that cover the costs of in-home care, assisted living, or nursing facilities. Our solutions are designed to preserve your financial independence while receiving the care you need.
Estate & Legacy Planning
Minimize taxes, protect your wealth, and create a plan that reflects your values. From trusts to wills, we help ensure your assets are distributed according to your wishes for generations to come.
Philanthropic Planning
Align your giving with your passions through options like charitable remainder trusts and donor-advised funds. Support causes that matter most to you while benefiting from potential tax advantages.
Businesses & executives
Strategic Risk Management & Protection Solutions for Businesses
Every business faces unique challenges and risks. Sovran helps you navigate these challenges with comprehensive risk management and protection strategies that empower your enterprise, protect your leadership, and ensure your organization’s stability.
Common Challenges for Businesses:
Sovran's Solutions for Businesses & Executives:
Key Person
Insurance
Safeguard your business from financial disruption.
- Protect your business against the financial impact of losing a critical executive, partner, or key employee.
- Provides funds to cover lost revenue, recruitment costs, and transitional expenses, ensuring operational stability.
- A critical tool for maintaining investor confidence and safeguarding business continuity during unforeseen events.
Group Life &
Disability
Provide essential employee benefits.
- Offer competitive and customizable group plans that include life insurance and disability coverage to meet employee needs.
- Enhances your ability to attract and retain talent by providing peace of mind for employees and their families.
- Includes options for short-term and long-term disability insurance to ensure income protection during illness or injury.
Buy-Sell
Funding
Facilitate seamless ownership transitions.
- Ensure a smooth transfer of ownership with buy-sell agreements funded through life or disability insurance.
- Provides liquidity for remaining partners to purchase the departing owner’s share without financial strain.
- Protects the company from operational and ownership disputes, preserving its long-term stability and success.
Business
Continuity
Insurance
Ensure stability in uncertain times.
- Protect against unexpected interruptions such as natural disasters, cyberattacks, or supply chain disruptions.
- Provides financial resources to cover lost income, operational expenses, and recovery efforts during periods of downtime.
- Pairs seamlessly with a well-designed disaster recovery plan to ensure your business remains operational in any situation.
Business
Overhead Expense
Disability
Protect against income disruption during unforeseen circumstances.
- Covers ongoing operating expenses such as rent, utilities, and payroll in the event of the owner’s disability.
- Keeps the business operational during your recovery period, protecting its reputation and customer relationships.
- Designed to provide peace of mind for small business owners and practices where overhead costs are critical to daily operations.
Executive
Compensation
Strategies
Retain top talent with secure coverage. for select employee groups.
- Implement advanced compensation strategies, including Supplemental Executive Retirement Plans (SERPs) and non-qualified deferred compensation plans.
- Utilize golden handcuffs such as retention bonuses, equity-based incentives, and long-term incentive plans (LTIPs) to reward loyalty and performance.
- Provide split-dollar life insurance to balance executive rewards with business protection, ensuring alignment of goals.
Simplifying the Process
Navigating your risk management and protection options doesn’t have to be overwhelming. Sovran's independent, non-proprietary approach to securing your interests helps ensure that your journey is seamless. Our advisors are empowered with robust support tools to simplify your financial journey, including:
Advanced Case Design: Customized solutions for complex needs.
Compliance & Support Tools: Make confident decisions with expert guidance and oversight.
Streamlined Administration: Efficient policy and claims management.
Ready To Take the First Step?
Find An AdvisorSovran Advisors: Our Professional Services Suite
Fee-Only
Advice
Unbiased, transparent financial guidance focused on your goals and interests.
Group
Retirement Plans
Employer retirement plan services for companies and their employees.