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.