The Importance of Risk Management Planning

At Total Living Plan in Phoenix, Arizona, financial advisor Jerry Guttman uses a tailored approach to steer his clients toward financial freedom. Among his services, Jerry Guttman offers guidance on risk management so that his clients are financially prepared for the future.

Separate from the risk involved in financial investments, there are many personal risks in life that can derail a person’s plans and lead to financial consequences. It is important to have a plan in place should something unexpected happen such as a sudden illness, a natural disaster, an accident, or any other form of emergency.

The right risk management plan will include insurance that will help to cover an individual financially should an accident occur. There are many types of insurance plans available to help people feel better prepared for the future. Insurance that can mitigate risk will provide coverage in the case of loss of earnings or property.