University Financial Group

Specialties

University Financial Group is a full-​service financial consulting firm dedicated to helping our clients build wealth and protect their hard-​earned assets. Our firm is completely independent, so our loyalty belongs exclusively to our clients — not to a parent company.

Our independence enables us to establish working relationships with a number of industry-​leading brokerage firms and insurance providers whose products we leverage to create customized client portfolios. We recommend only those products and services that can be tailored to suit our clients’ unique needs.

We serve individuals and businesses in all areas of financial management, including:

*Retirement planning

Making the most of your employer-​sponsored retirement plans and IRAs. Determining how much you need to retire comfortably. Managing assets before and during retirement.



*Tax management

We Look for ways to help reduce your current and future tax burden. Working in conjuction with a qualified tax specialists can yield the best results with our strategies.



*Estate planning

Reviewing your wills and trusts. Helping preserve your estate for your intended heirs. Helping with beneficiary designations. Reducing exposure to estate taxes and probate costs. Coordinating with your tax and legal advisors.



*Risk management

Reviewing existing insurance policies. Recommending policy changes when appropriate. Finding the best policy for your situation.



*Education funding

Recommending investment an

History

Established in 1993.

Founded on the Idaho State University campus in 1993 using a collapsible card table in front of the campus book store by Lance Kolbet while he was attending Idaho State University. Mr Kolbet served on two different submarines during the desert shield and desert storm campaigns. Originally the name was University Insurance & Scholarship and exclusively provided health insurance and scholarship assistance to students on campus. Since then University Financial Group (UFG) does business throughout the Northwest U.S. and a few other states providing not only insurance but investments to over 3,000 individuals and small businesses through approximately 100 insurance brokers.

Meet the Business Owner

Lance K.

Business Owner

Mr. Kolbet is a member of the Million Dollar Round Table (MDRT); National Association of Health Underwriters (NAHU); National Association of Insurance and Financial Advisors (NAIFA); and other industry trade associations. He has served each of these associations as a board member, chair for several committees, and other roles to support his industry. He currently holds the Registered Health Underwriter (RHU) and Life Underwriter Training Council Fellow (LUTCF) designations conferred from the American College. He holds a series 6, 63, and 26 securities license. He writes often for several industry magazines such as Advisor Today, Round the Table, Health Underwriter, and Advanced Association of Life Underwriter. In 2010 he ran for the Idaho State Senate and was narrowly defeated by 1%. He currently lives in Chubbuck, Idaho and has 3 children. He enjoys scuba diving, sailing, bike riding, and the outdoors.