Simply put, risk management is a two-step process - determining what risks you face, then handling those risks in a way suited to your personal and financial situation.
Health problems. Car accidents. An untimely death. No one wants to think about catastrophic events, but everyone should be prepared. Without adequate protection, the unforeseen puts all you’ve worked for at risk.
Insurance, as part of a comprehensive financial planning strategy, is a way of managing the risks we all face every day. It allows you to take a specific risk, detailed in the insurance contract, and pass it from yourself to someone (the insurance company) willing to take on the risk for a fee, or premium. Insurance can potentially:
- Replace income your family depends upon in the event of the death of a wage-earner.
- Protect your estate from estate taxes.
- Cover healthcare costs should you develop an acute or long-term illness
Where do you start?
Managing risk is a key part of any comprehensive financial strategy. It’s vital you have both an appropriate amount and type of protection for the various risks you face.
How do I get started?
The first step toward reaching your goals is finding the right advisor to help get you there. That’s why we offer no-obligation initial consultations. These meetings provide an opportunity for you to get to know the person who will be advising you, and just as importantly, for us to get to know you.
This material contains only general descriptions and is not a solicitation to sell any insurance product or security. For information about specific insurance needs or situations contact your insurance agent. This is intended to assist in educating you about insurance generally and not to provide personal service.