As you age, you are likely to experience more health risks. Managing health risks entails identifying, evaluating, and mitigating those risks, which is an effective defense method to prepare for unforeseen events. The basic concepts of risk management—avoidance, sharing, transferring, and loss reduction—can apply to all aspects of your life. Whether it is life insurance or long term care planning, purchasing insurance is one of the most effective ways to manage various risks.
Insurance planning is a vital component of any comprehensive financial plan. Insurance can prepare you against unexpected events and transfer financial risks to your insurance carrier. Most financial advisors recommend purchasing insurance before investing in a retirement plan or other assets.
An insurance advisor can review your existing insurance policies and ensure your coverage is adequate for your situation. They can also recommend new plans for significant life events, including buying a home, marriage, or a child's birth.
Don't wait any longer to protect yourself and plan for future benefits with insurance. At Susquehanna Financial Advisors LLC, we review your insurance policies in conjunction with the financial planning process. While we do not underwrite insurance policies, we can recommend health, disability, and property and casualty policies. Contact us today to set up a consultation with an advisor.