The careful consideration of personal risk remains a cornerstone of financial planning. Disability, long-term health issues, and pre-mature death are uncommon but potentially catastrophic financial events for households and businesses. Many people don’t give a second thought to home and auto insurance, but they balk at the thought of insuring against income and asset loss.
Today’s insurance products encompass creative tools that meet the needs of widely varied households. Our team will help you review all the options available to protect your family, your business, and your legacy.
We have access to a full spectrum of insurance products designed to help you manage the risks of premature death, disability and health care. We can provide guidance in choosing the type of coverage that is appropriate for you and your family, including those available through your employer.
Schedule a short conversation with one of our advisors to discuss your needs and pursue your goals.
Insurance, in all its varied forms, is simply a method for handling risk. In order to plan an effective insurance program, consider the risks that you and your family are exposed to and how financial loss could affect you. Buying insurance is the process of transferring risk you cannot afford, or choose not to accept. Since you may be unable to afford to rebuild your home and replace all its contents in the event of fire, for example, you may choose to transfer that risk to an insurer by purchasing the appropriate amount of homeowners insurance.
However, even in situations of risk transfer, it is quite common to share some of the risk. The deductible on an automobile or homeowners insurance policy is a form of risk sharing whereby you accept responsibility for a small portion of the risk while transferring the bulk of the risk to the insurer. The fundamental rationale behind all forms of insurance is to determine what risks can be transferred on a cost-effective basis.