Financial Services

As professionals and individuals we each assume significant financial risks whether or not we recognize or are aware of them. They are siginificant. If we choose not to defer the risk, the effect can be "catastrophic" to us individually and to our families. The proper use of risk analysis and implementation of a risk management plan is crucial to our livelihoods and the well being of our families.

Remember this rule of risk management:
People should defer all risk deemed "catastrophic" in their individual financial situation to someone or something else. (This is why banks require fire insurance on all homes they lend against - an uninsured house that burns down is a total loss with the exception of the buildling lot.)

• Life Insurance is designed for the purpose of providing for beneficiaries in the event of the insured's death. Insurance proceeds provide income for dependents, payment of estate taxes (in the event of a taxable estate), wealth replacement, or charitable purposes.
• Disability insurance is a type of insurance policy that insures that a person receives long term financial benefits in the event of an accident that leads to an inability to work or function, or if a person becomes afflicted with an illness, leaving them unable to work. Disability insurance benefits can be disbursed either as a short-term disability, and long-term disability.
• Long term care insurance is an insurance product which pays for long term care services in many settings, such as at home, a nursing home, assisted living facility, and adult day care facility. Many people elect to buy long term care insurance so they will not need to deplete their savings should they need long term care services. Long term care insurance can help ensure that financial resources and support are in place when you need them.