Here we are talking about the risks that threaten the financial security of you and your family, in case of death, for example. Financial planners measure the financial consequences of various events and offer strategies to manage them.

Financial planners need sound knowledge of insurance to determine the circumstances where it will be useful as a risk management tool.

There are many different types of insurance protection on the market. A needs analysis is crucial, because insurance is often expensive. The financial planner’s goal is to identify the risks that will lead to financial consequences that are greater than the client’s available financial resources and to help the client set specific personal priorities.