Manoj (Mike) Patel- Comprehensive asset protection and growth for every phase of your financial life.
One of Chicagoland’s most respected insurance specialists for over 30 years, Mike Patel’s passion is helping Americans discover how to manage their liabilities, safeguard their assets, and avoid shortfalls in income when they retire.
Considered a top expert in the area of disability insurance, an often-misunderstood, but essential risk management tool, Patel assists his clients in understanding the many nuances of this product.
“Disability insurance is a critical component of sound financial planning, especially for the self-employed. Unfortunately, it has a lot of moving parts and can be challenging for clients to understand. My goal is to give my clients everything they need to make the best decisions regarding disability and all other facets of their financial lives,” says Patel.
As a broker, Patel has the ability to be creative and flexible when designing asset protection and income plans. Unlike captive or career agents, he is not constrained to selling only a handful of company-promoted products, but can search for solutions across multiple companies and produce highly-customized solutions.
“I deal with people in all age groups and financial situations, from those just starting out in life to people who’ve been retired for some times. I work with many self-employed professionals, and companies to help them protect short term and long term liabilities and make their benefits plans more efficient.
Patel sees healthcare costs in retirement as one of the greatest potential risks, along with tax increases. “I don’t think there’s much doubt that taxes will go up. It’s critical that you work with a specialist such as myself to ensure your portfolio is as tax-efficient as possible. After all, no one wants to pay more in taxes than is legally required,” Patel says.
Term, whole life, indexed universal life, and annuities are just a few of the products Patel employs to help clients reach their goals and create lives that are safer, less stressful, and more prosperous.
*Mike Patel is currently licensed in Illinois, Wisconsin, Florida, Indiana, Ohio, Texas, Georgia, and Massachusetts.
