Risk management involves the shifting of financial risk from one party to another, usually in the form of insuring a risk. From a financial and retirement planning perspective, the most common types of risk management involve planning for:
(1) premature death vis a vis adequate life insurance coverage to either create and estate and/or income for loved ones;
(2) long term care and catastrophic illness through the use of a stand alone long term care policy or a linked benefit policy that contains both a life insurance and long term care component; and
(3) the elimination, reduction or minimization of estate taxes.
Risk management is a crucial part of a sound financial and retirement plan. Shari Mattingly-Bevan has the necessary expertise required to assist clients in all facets of risk management. Please telephone (864) 283-6906 for additional information.