Risk Management Protect your legacy – we spend a lot of time thinking and strategizing about how to build our wealth and design our financial picture, without thinking enough about protecting it from the uncertainties that life brings us. Many of those uncertainties and risks, while they cannot be controlled, it is possible to be prepared to face them when they arise. Life InsuranceLife insurance can be the foundation of your financial security and can provide comfort and stability for your family. The purpose of life insurance is to help provide your loved ones with financial protection after you die, in exchange for the premiums you pay to your insurer during your lifetime. Some life insurance policies can provide you with financial protection for the short term, while others accumulate cash value, offering a living benefit that can be used for supplemental retirement income, funding for a child’s education, or cash for emergencies.Loans and withdrawls will reduce death benefits and may impact the amount and frequency of future premium payments. If you take a policy loan or withdrawl, you may incur a significant income tax liability if the policy terminates before the death of the insured. When taking loans or withdrawls, your policy should be carefully monitored annually with your agent or other financial professionals. Disability Income InsuranceA sudden interruption of income—due to an extended period of sickness or injury—can have serious financial consequences for many of today's employees. If you are lucky, you may receive group long term disability benefits through your employer. However, you will need to make sure the benefits available though your group long term disability coverage are adequate for your needs. An individual disability income insurance policy can help supplement your group long term disability benefits and protect a larger portion of your income. Long Term Care Insurance For most of us, it is unpleasant to envision a time when performing routine tasks may become difficult as the result of injury, illness or aging. If the time comes when you need substantial assistance performing daily tasks, it is unlikely you will want cost to be the primary decision-making factor for your long term care. Long term care (LTC) services can be expensive and costs generally continue to rise. Planning early can help ensure that you have more control in receiving the type of care you want — in the setting you choose, should the need arise.