Financial security means taking uncertainty seriously.
Protect your prosperity
Retain an independent disability adviser negotiating on your behalf.
Don’t bypass non-cancellable, guaranteed renewable, or “true” own-occupation benefits.
Maximize the advantages of underwriting and claim handling advocacy.
Be aware of expenses and debt payments, not just income loss for disability coverage.
Protect your business
Make sure to adequately fund buy-sell agreements for ownership risk.
Resolve conflicting interests between active and inactive owners in advance.
Account for costs beyond salary when quantifying potential key employee loss.
Don’t wait too long to prepare the company for outside or inside buyers.
Protect your team
Recognize and promote the value of individual disability benefits.
Capture opportunities to carve out key employees for enhanced benefits.
Understand the differences between individual and group plans.
Don’t miss real value by assuming all disability contracts are the same.
Protect your family
Retain an independent life insurance advisor negotiating on your behalf.
Don’t put cost ahead of the value of policy benefits.
Recognize the taxation advantages of life insurance assets.
Understand the upsides of policy guarantees.
Your legacy is the confidence that assets will transfer to the right people at the right time in the right manner at the right cost.
Preserve your assets
Set clear goals for family wealth based on clear family values.
Anticipate asset growth over generations.
Don’t fall into traps when titling assets.
Understand tax erosion on retirement assets.
Preserve family harmony
Take advantage of gifting and generation-skipping strategies.
Remember that equal and fair are different for asset distribution.
Don’t neglect safeguards for family members with special needs.
Be aware of the impact on estate planning when a spouse remarries.
Preserve your business
Don’t wait too long to groom family members for business ownership.
Secure the employment of key people to support next generation owners.
Let life insurance resolve active/non-active family owner conflicts.
Understand the tax consequences for sellers and buyers.
Preserve your heritage
Understand the challenges unearned wealth puts on young heirs.
Make a family plan for stewardship of family assets.
Use life insurance to expand opportunities for family philanthropy.
Don’t complete your estate plan without disclosing decisions to heirs.
“Our ability to protect and preserve is a commitment that crosses generations. Crites Insurance Group is built on a multigenerational foundation. Michael Crites is bringing fresh eyes and a passion for the future of our firm.”
BA, Business, SMU
Founder, Crites Insurance Group, 1985
Chartered Life Underwriter
Chartered Financial Consultant
SMU Mustangs Pony Express 1982
SMU Cotton Bowl Champions 1983
Kilgore College HOF 2015 & 1980 Team 2018
Kilgore College First Team All-American and Offensive Player of the Year 1981
Memorial High School HOF Class #2 2013
Million Dollar Round Table and Top of the Table 20 years
Park Cities Baptist Church Deacon, Teacher, Usher and Committee Chair
Martha Crites, wife, mother, Bible teacher, and volunteer
Mark Crites Jr, Reagan Consulting
Michael Crites, Crites Insurance Group
Mathew Crites, LegacyTexas Bank
Salesmanship Club of Dallas
Family Legacy Trust Company
National Association of Insurance & Financial Advisors
SMU Cox School of Business Mentoring Program
SMU Lettermen’s Association & Mustang Club
SMU Athletic Forum Doak Walker Award
Park Cities YMCA Sports Committee
B.A., Finance, Dallas Baptist University
Successor, Crites Insurance Group
Financial Advisor, Opes One Advisors
Park Cities Baptist Church
4A Golf State Champions, Highland Park High School
4A Golf Individual District Champion, Highland Park High School
Golf Team Captain, Highland Park High School
National Association of Insurance & Advisors
Dallas Baptist University Alumni Association
Highland Park Alumni Association
“I appreciate the independence Mark has achieved and the benefits that extend to our clients. In an industry of cookie-cutter solutions, we offer knowledge, experience, and exclusivity. One trait that my father instilled in me and my brothers was perseverance. Now I can apply the lessons of perseverance to my work with clients to help them make informed decisions for the future.”