Risk Management
A Word about Insurance and Managing Risk
We are a full services firm. We believe that protecting your path to retirement and your ability to meet your obligations in difficult times requires an assessment of life, disability, and long-term care insurances. Adequate protection is essential in making reliable progress to goals. We make objective assessments and are equipped to offer insurance solutions available from a wide range of companies. We are independent financial advisors, not beholden to any one company's products.
Risk management refers to the protection of assets or income so they will be used for the purpose that you intend, even if bad things happen. Premature death, prolonged illness or disability, property loss and lawsuits need to be proactively considered. We also believe that people need to seriously consider the risk of living an extended life with chronic illness. The primary strategy for dealing with these risks is to purchase insurance, shifting the risk of loss to insurance companies in exchange for premiums. Types of insurance commonly used are:
- Life insurance
- Disability insurance
- Long-term care insurance
- Property/casualty insurance (home owners, business, and auto)
- Umbrella liability insurance
*Fixed insurance products and services offered through North Star Financial Advisors.