What different types of insurance can do to help protect your wealth and income

Some people worry about their wealth not lasting their lifetime; others fret about overspending on insurance policies to protect themselves and their family. Still others wonder whether they need yet another professional to help them manage and achieve their overall goals.

These people all have something in common: they are identifying risks in their lives.

Every well-considered wealth-management plan includes an assessment of personal, property, and financial risk. Investments have risks that can’t readily be insured, so other risks must be managed in order to minimize threats to overall wealth goals. Fortunately, many of the personal risks that can threaten one’s wealth can be managed with proper insurance.

Read Article:  https://www.marketwatch.com/story/these-5-defensive-moves-can-protect-your-money-and-wealth-2018-03-05