Insurance

You’ve worked hard, built a career, bought your dream home, and started a family. Your income covers your expenses (with some left), you’re maxing out your 401(k) contributions, saving for college, and even putting something aside in an investment portfolio. You’re in great shape to retire in 20 years or so, with your mortgage paid off and enough to see you through a comfortable retirement. What’s missing from this picture? A comprehensive risk management plan. Not investment risk: The assumption is that you have that covered with effective portfolio management. This is life risk – the risk that something can happen to derail your carefully built plans. Another word for risk management? Life insurance.