Reduce Your Risk
Risk Management is a key component of any financial plan. It is important to understand that most individuals have responsibilities to others that will not disappear in the event of an injury, illness, or early death. It is safe to say that no one wants to leave his or her loved ones with the burdens of debt in this time of need. Appropriate insurance can help ensure that your funeral expenses are cared for, your spouse can stay in your home, and your children can complete post-secondary schooling.
Understanding and quantifying the financial risks of illness, injury, and death should be the cornerstone of any financial plan. Be sure it is being considered, addressed, and reviewed in your plan.