Risk Assessment and Insurance

The best financial plan can be completely derailed by an unexpected impact such as losing your job, suffering a disability, needing long-term care, or even death. While these are often not easy subjects to discuss, we believe it is critical to protect yourself, your family, and your savings against the risk of a catastrophic event. Many people believe that they have the right amount of insurance, but we have found that is rarely the case. Often the issue is not having enough insurance of the right type to completely address the financial consequences of a negative impact. This can result from a lack of knowledge about the different types of insurance products and their costs, never having projected what the actual needs would be, or a natural tendency to simply avoid thinking about something really bad happening. In other cases, people can have too much insurance, for example, because their children are now grown and no longer reliant on them, and the premiums they are paying could be better used in other ways. Whatever the situation, we can help you work through all these roadblocks and develop a sound, straightforward plan for how you will protect yourself and your loved ones.