Asset Protection and Wealth Transfer

Strategic
Planning

Tax
Diversification

Life Insurance Questionaire

Protect What Matters

Richard S. Bernstein & Associates, Inc.

Incorporating life insurance into a broader financial plan can help individuals and families address multiple financial needs: protecting loved ones, creating wealth, ensuring tax-efficient growth, and planning for future healthcare costs. When strategically used, it is a versatile financial tool that not only provides peace of mind but also plays a key role in achieving long-term financial security.

Richard Bernstein & Associates, Inc. is an independent financial services firm, specializing in helping individuals and families utilize life insurance to provide a death benefit for loved ones, shield assets from probate and unnecessary taxation, optimize retirement savings, and secure tax-free income in support of a holistic financial plan.

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“The trusted insurance advisor to high net worth business leaders, families and charitable organizations.”

Protect with confidence

Our Planning Process

Our three-step planning process works to help identify and implement suitable financial strategies for helping our clients meet their needs and achieve their goals and objectives for liquidity.

01 Start Smart

02 Apply Discipline

03 Communicate Progress

01 Start Smart

Protect your Assets

First, we gain a thorough understanding of your current financial situation, goals, objectives, risk tolerance, and the key considerations that should be addressed in your planning strategy by protecting families and providing liquidity for when they need it most.

Six Fundamental Financial Planning Considerations

Six key financial planning considerations can impact your financial goals now and in the future. The question is not if these will affect your finances, but to what degree. We evaluate your sentiment toward each consideration and quantify the potential effects on your assets over time. This allows us to build customized strategies to help you achieve your financial objectives by providing liquidity for you and your family.

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Longevity

Outliving financial assets as the result of a longer life.

Inflation

Reduction in real purchasing power as the result of increasing cost of living.

Mortality

Loss of financial assets as the result of a partner’s or spouse’s death.

Liquidity

Limited access to assets to meet life’s unexpected financial needs.

Market

Unexpected reduction in the value of financial assets at the time of withdrawal.

Taxes

Decreasing income and assets and/or the impairment of legacy assets from increasing taxes.

02 Apply Discipline

A Liquidity Strategy Designed for You

Next, we align your goals around protection, accumulation, wealth transfer, income, and tax-free liquidity with solutions available to you and your family.

Our Services, Your Future

We take the time to thoroughly explore your needs no matter the stage of life you are in to help provide a custom tailored solution that we continue to protect and adjust until the end of time.

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Premium Financing

Premium financing is best suited to individuals with high net worth who have the need for a large amount of life insurance for heirs, estate planning, or a favorite charity.

Life Insurance

Life insurance can replace your income for your income for your dependents. It can also pay your final expenses, create an inheritance for your heirs, and pay your estate taxes.

Disability Insurance

Even with challenging medical histories, carriers are often willing to limit the benefit period or extend the elimination period to approve this type of protection.

Health Insurance

Our health insurance advisors advisors offer health insurance options to individuals, businesses and groups

Annuities

Annuities offer many benefits over traditional retirement savings plans. Perhaps the foremost of these benefits is a higher return.

Employee Benefits

We pride ourselves on our extreme level of personal service to each and every one of our employer groups and their employees.

Foreign Nationals

We can help provide liquidity to pay income and estate taxes while protecting your family.

Life Settlements

A life settlement is when a life insurance policy owner cashes in his policy by selling it to an investor rather than the company that sold it to him or her.

Buy Sell Agreements

A Buy-Sell Agreement can be one of the most important steps you take to control the future destiny of your business.

Wealth Transfer and Preservation

If you or your spouse are over age 59 ½, you could leave a much greater amount to your beneficiaries.

Key Person Insurance

A life insurance policy purchased by an employer on the life of a key employee to help protect the business from the financial loss resulting from that critical employee’s death.

Long-Term Care

At least 70 percent of people over age 65 will require some long-term care services at some point in their lives.

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03 Communicate Progress

Our Commitment to You

Lastly and continually, we work to ensure transparency of your income plan by providing visibility, proactive
outreach, and accessibility to our team throughout our working relationship.

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Annual Review

Question or Comment

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Here For You

Meet The Team

Richard S. Bernstein

Chief Executive Officer Bernstein & Associates, Inc.

Richard S. Bernstein, Chief Executive Officer of Richard S. Bernstein & Associates, is an insurance advisor for high net worth business leaders and families as well as charitable organizations. Mr. Bernstein is known for being at the leading edge of the insurance industry as a life insurance agent and as the founder of Richard S. Bernstein and Associates, Inc.

A former insurance advisor to the Trump Organization as well as many of America’s wealthiest families, Mr. Bernstein draws on more than 50 years of experience in financial services. He has a been nationally recognized by his peers for his knowledge, innovation, and expertise.

Richard is a longtime member of the Top of the Table and The International Forum – professional industry associations formed to exchange diverse ideas and expertise of the leading life insurance professional in the world. Mr. Bernstein graduated in 1964 from the University of Miami with a Bachelor of Arts in Finance, having earned the J. Edwin Larson Scholarship in insurance studies.

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Robin S. Bernstein

President

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Arthur L. Bernstein

Vice President, Sales

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Wayne Monek

Director of Employee Benefits

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Steven Edmiston

Director Life Underwriting

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Pamela Bieneman

Senior Employee Benefit Specialist

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Dave Munguia

Manager Life Case Design

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Manny Machin

Benefits Broker Administrator

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Keren Heitz

Employee Benefit Administrator

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Client Testimonials

"Dear Richard, You have done an absolutely outstanding job in helping us with our health insurance needs at Trump Hotels and Casino Resorts. I knew you were good but I didn't know you were that good. I look forward to many years of your advice and counsel with regard to the highly specialized and complex field of insurance.”

Donald J. Trump, President of the United States
“Thank you for the past 25 years of professional courteous service extended to my firm and my staff for our insurance needs.”

Wallace B Mccall, Civil Trial Lawyer
“Dear Richard, I would like to take this opportunity to thank you for the fine service I receive from Bernstein & Associates, Inc. I am made to feel that my business is of the utmost importance to your firm and because of it, I am happy to hear from you and give you my business. It is a pleasure to work with a team that not only does their homework and research, but is always there too answers any questions, day or night with a smile on their face.”

Amy Steele Donner, Circuit Court Judge
“You were able to save us over $500,000 on our annual insurance premiums – a huge savings”

Dan Newlan, Esq.
“Your firm has done an outstanding job with our health insurance and other employee benefit programs.”

John S. Costas, President Of Hampton Inn
“I will continue to refer your agency to my friends and business associates with pride as a medical professional and look forward to many years of a valued relationship...”

Fred Steinberg, M.D., Medical Director
“Your firm has done an outstanding job in helping us with our health insurance needs at G-Star School of the Arts. You and your team offer not only unique solutions to solve issues and meet clients needs, you truly are advocates for client's best interests. Your proactive approach to plan management and customer service is what sets your firm apart.”

Greg Hauptner, Founder/CEO/CFO
“Your work and personal attention on a very complex special health situation for one of our employees which you were able to accomplish expertly and successfully”

Rob Posner, CEO NewDay USA
“You are the best agency I’ve ever worked with in my career”

Gary S. Lesser, Lesser, Lesser, Landy & Smith, PLLC
“There has never been a claim that has not been handled with dispatch, courtesy, and I might add, success”

Robert Montgomery Jr.

SP

Strategic Planning

Our Commitment to You

Lastly and continually, we work to ensure transparency of your income plan by providing visibility, proactive outreach, and accessibility to our team throughout our working relationship.