Insurance Services
Protection Planning: Managing life's risks properly
"What if…?” This is probably the most unsettling question we could ask, especially when creating a plan for a hopeful and bright future. Facing the reality and possibility that bad things can happen is hard but being unprepared for these events can be catastrophic.
Facing these difficult truths is essential in building a secure financial future for you and your loved ones. The first step is to recognize what financial risks you face and determine whether or not you are prepared to handle those risks.
A successful risk management program includes answering several questions:
What happens if you, your spouse or a loved one…
Becomes ill or injured?
Is in a car accident?
Is laid off from work?
Needs daily care in, or before, retirement?
Cannot work for an extended period of time?
Should die unexpectedly?
Business partner dies unexpectedly?
To minimize unexpected financial burdens, everyone should develop their own individual Risk Management Plan and confirm they are adequately protected. Risk reduction strategies often involve using various forms of insurance to protect from downside risk. We offer many forms of personal and business insurance, including
- Health for groups
- Life
- Buy Sell Agreements
- Key Person
- Disability
- Overhead Expense
- Long Term Care
- Dental
Frequently Asked Questions
What is protection planning in financial planning?
Protection planning focuses on identifying potential financial risks, such as illness, accidents, or loss of income, and putting strategies in place to reduce their impact on your future.
Why is risk management important for families and individuals?
Unexpected events can create significant financial strain. Risk management helps ensure you and your loved ones are prepared and protected when life doesn’t go as planned.
What types of risks does a protection plan address?
A protection plan may address health issues, disability, job loss, long-term care needs, auto accidents, premature death, and business-related risks.
How does insurance fit into a risk management strategy?
Insurance is a key tool in risk management, helping transfer financial risk and reduce the burden of unexpected expenses for individuals, families, and businesses.
Plan for Life’s Risks With Confidence
You shouldn’t have to face uncertainty unprepared. We help identify potential financial risks and design protection strategies that reduce exposure, minimize disruption, and safeguard your family, income, and future, no matter what life brings.
(845) 790-4443
Call Us Today.
