Risk Management
Being prepared in the event of an unexpected emergency has become a reality in today’s world. So as many prepare to physically protect their family, provide food and shelter and all other necessities in case of an unexpected weather event or other emergency everyone has to ask themselves what they have done to prepare for a financial emergency?
Most have a majority of their retirement savings locked in tax favored 401(k)s or 403(b)s, both which happen to not be truly accessible prior to retirement age. Traditional savings continue to dwindle in favor of higher returns in money markets and CDs, further limiting access to liquidity. Where would the dollars come from in the event of a health or life event that left someone in your family unable to work?
The answer is simple, but too often overlooked.
The financial tools and strategies available to the average person are numerous. There are standard financial vehicles that have stood the test of time and can mean the difference between keeping a home, lifestyle and family solvent. These vehicles are insurance policies tied to life, long term disability, long term care and various hybrids therein. There are various options, each specific to the need in question. The expense of these tools is minimal in comparison to the benefit they provide if they are triggered. Obviously the hope is that they are not needed, but insurance provides meaningful sense of security, and can protect your family for a lifetime.
To get a complimentary risk management analysis or a second opinion on your current risk management profile call Chuck today to schedule a complimentary consultation. Call 704.943.2131 today to get started. You can also email allie.hovis@lfg.com to set up an appointment at his office.