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Insight

Insight is power. We look at your business from every perspective - strategic, cultural, operational, financial - to really understand the challenges and opportunities facing your business.

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Action

It’s about helping businesses thrive. From insights, we map out actionable steps to allow your firm to capitalize on opportunities and mitigate challenges.

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Results

In partnership with you, we transform focused action into meaningful results – enhancing your company’s ability to reach its goals. We are committed to helping your business succeed.

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Insight

Our expertise is fueled by a dedication to discovering the best way to safeguard your interests. And our experience enables us to identify risks and understand your objectives so we can customize policies and services to fit your individual needs.

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Action

We are not satisfied until you’re confident that your personal risks are understood and addressed. JMBI delivers a customized game plan, with options and opportunities tailored to your situation.

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Results

Your objectives are our objectives. So we provide unique solutions and continuous support to attain your personal and financial goals. At JMBI, we work tirelessly to deliver the results you demand.

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Client Success Story

SOLVING A CLIENT PROBLEM WITHIN A TIGHT SCHEDULE

Situation

We received an urgent Friday fire drill call from the licensing manager of a mortgage banker in FL. He had numerous questions about compliance with Fannie Mae and Ginnie Mae insurance requirements. While the firm had both fidelity and E and O coverage, Ginnie Mae indicated that their coverage did not meet their requirements. Our guidance prompted a follow-up call from their President who further elaborated that they have been working on obtaining Ginnie Mae approval for 2 years and approval of the fidelity and E and O coverage was the last hurdle.

Insight

That same day they e-mailed us their policies and we immediately determined what caused the deficiencies.  We were confident that if we received their application forms and financials we could get a proposal within a few days for coverage that was compliant.  But the additional challenge was that he had to have the correct coverage in place by Monday, or Ginnie Mae could re-prioritize them lower on the list, with approval substantially delayed.

Action

Recognizing the urgency and working with one of the Lloyd’s fidelity and E and O programs, we were able to get them a proposal by late Friday afternoon. 

Results

Since one of the requirements was receipt of the premium in order to get the binder released, the client sent a wire transfer of the premium Monday morning and the binder was in his hands by noon. He was able to meet the Ginnie Mae deadline to complete the approval process.

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Client Success Story

Cost Effective Income Protection

Situation

Our client, a high-income executive, came to us with concerns about replacing his income in the event of a disability. The individual was the sole breadwinner for his family and had already maxed out the available group and supplement disability coverage available through his employer. The inability to work due to a disability would result in a 60% reduction in after tax income for his family. The client expected to work another 20 years, so any solution needed to provide long-term benefits in a cost effective manner.

Insight

JMBI has significant experience in building layers of disability coverage for high-income individuals to best insure their earning ability. We reviewed the client’s existing coverage, goals, assets and liquidity before developing the coverage options.

Action

Given that the client had existing coverage that would pay benefits after 90 days of disability, and they were liquid enough to cover more than a year of family living expenses, we focused on more catastrophic oriented coverage. We prepared options with monthly and lump sum benefit payment options that would start after 12 months of disability.

Results

The individual chose to add an additional layer of disability coverage with monthly benefits that begin after 12 months of disability. The premiums for this piece of coverage were 40% less than comparable policies that pay benefits after 90 days of disability. In the event of a severe, catastrophic disability, the family now has 65% income replacement through the individual’s age 67 with cost-effective premium payments.

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HUNGER IS A SCARY THING | 10/30/2014 | It's time for the JMB Insurance Annual Halloween Food Drive; "HUNGER IS A SCARY THING".  AND THIS YEAR WE ARE MAKING IT EVEN EASIER TO DONATE! http://www.myfooddrive.org/dr... MORE
BURST OF IPO ACTIVITY SPOTLIGHTS NEW WAVE OF 'NON-TRADITIONAL' REITS | 10/24/2014 | At least a half-dozen companies have filed plans declaring their intention to launch initial public offerings to form REITs, ranging from a ski resort operator in Wildwood, MO, to U.S.-based firms ... MORE
IT'S OFFICIAL: RISK RETENTION RULE APPROVED | 10/24/2014 | Federal Reserve gives last and final approval The final version of the risk retention rule is now officially approved by six federal agencies, following the Federal Reserve’s last approval... MORE
MANAGING COMPLIANCE RISKS IN M&A TRANSACTIONS | 10/24/2014 | Buyers can acquire unintended and potentially very damaging liabilities together with target business or assets.Analyzing the financial situation of a target company, understanding its business mod... MORE
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Open-quote

At JMBI, we live by the credo "Insight. Action. Results." We approach our clients from their business perspective – by understanding their goals and objectives. Each client develops their own "roadmap", or course of action that considers micro and macro factors – from global economic conditions to sector specific anomalies or client specific situations.

By partnering with our clients, JMBI ensures the risk management plan mirrors and supports their overall strategy. Our strong business perspective supports our clients' management of risk.

Ken Sacks

Co-Chief Executive Officer

Matthew W. Horwitch

Co-Chief Executive Officer