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Today, June 28, is National Insurance Awareness Day! This is the perfect opportunity to review your insurance coverage and ensure you and your family are fully protected from the unexpected.
Don't let the complexity of insurance stop you. Our team has an insurance specialist who can help review your policies and create a plan customized to fit your needs. Contact us today for assistance with your insurance planning needs.
Benefits of Risk Management- Planning on National Insurance Awareness Day
Risk is a fact of life and can have a dramatic impact on your wealth. Risk management is intended to minimize financial and other potential losses associated with risks to your assets, health, or business.
Each investor should evaluate the possibility of personal, business, and professional liability; property loss; catastrophic illness or disability; and assisted living. Part of our job is to protect your financial well‑being, and that may require us to help you insulate yourself from certain risks.
Prudent risk management may involve purchasing life, long‑term care, and disability insurance, as well as a handful of other risk prevention vehicles. From protecting your business to your health, we try to ensure that you are comfortable with the level of risk you are taking.
While financial professionals can perform many functions of the risk management process, some activities require the expertise of insurance specialists. We may work closely with an insurance specialist to focus on your risk management.
Risk management is a critical component of wealth management, and a good insurance strategy will be well coordinated with your overall plans for business, investments, taxation, estate, and retirement.
Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth Financial Network®.
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