Risk Management

Being prepared in the event of an emergency has become a reality in today's world. As you prepare to physically protect your family, provide food and shelter in case an unexpected weather event, ask yourself what have you done to prepare for a financial emergency?

A majority of your retirement savings is locked in tax favored 401(k) or 403(b) plans, both are not truly accessible prior to retirement age. Traditional savings continue to dwindle in favor of higher returns in money markets and CDs, further limiting access to liquidity. Where would the dollars come from in the event of a health or life event that left someone in your family unable to work? The answer is simple, but often overlooked.

There are financial vehicles available that have stood the test of time and can mean the difference between keeping a home, lifestyle and family solvent. These vehicles are insurance policies tied to life, long term disability and long term care. There are various options, each specific to your needs. The expense of these tools is minimal in comparison to the benefit they provide if they are triggered. The hope is that they are not needed, but insurance provides a meaningful sense of security that can protect your family for a lifetime.

To get a complimentary risk management analysis or a second opinion on your current risk management plan. Call us to schedule a complimentary consultation. Call 704.943.2131 today to get started. You can also email allie.hovis@rrphub.com to set up an appointment at his office.