Individual Risk Management
Loss of Income
Loss of income due to injury or unforeseen medical problems. If you do not have disability insurance through your employer, you can purchase your own disability policy to cover your most important asset, your future earnings.
Loss of Spouse
Loss of spouse (lost income or higher future costs associated with taking care of your family) requires life insurance to address the needs of the surviving spouse.
Major Health Issue
Major health issues or critical illness (heart attack, stroke, cancer) could leave you with no choice but to either cash out retirement savings or return to work when you should be resting and trying to recover. Critical illness insurance is an important wealth protection aspect of your risk management strategy.
Business Risk Management
Owning your own business can be one of the most rewarding accomplishments you will experience in your lifetime. In order to effectively manage risk for business owners, it is important to ensure your business has a contingency wealth protection plan to survive and prosper should it encounter a disaster such as flood, fire or death/illness of a key employee.
Life Insurance
Life insurance is critical to ensure that each business partner is protected and will allow your business to continue should the unexpected happen to one of the partners.
Disability Insurance
Disability insurance will cover your overhead expenses and will save you and your business from suffering significant financial losses should you experience a short or medium term disability. If you experience an accident or injury that prevents you from performing your duties at work for an extended period of time how would this affect you? For many this would have your business wiped out entirely.
Partner Buy-Out
Partner Buy-Out is an insurance policy designed to provide funds to facilitate a buy-sell agreement if a business owner is totally disabled. This helps to protect the insured’s capital and to prevent a drain on company resources. This is designed to protect the business against losses due to disability and death.
Key Person Insurance
Key Person Insurance is coverage designed to protect what you have spent years building – your profitability and independence. The proceeds of this policy would go to costs of hiring a replacement for the deceased employee and to compensate for lost productivity.
