Every day we are exposed to many risks which can cause a financial loss. Accidents, property damage, illness, and death are risks we often consider. However, other risks, such as the possibility of being sued or becoming disabled and unable to work, are also important. We each have to decide how we will protect ourselves should a risk become a reality. If you do not have a plan, you might have to go into debt or use funds set aside for other financial goals in the event of financial disaster.

CWA will help you determine when you need to purchase insurance, consider the best way to handle each of your risks. Because your risks change over a lifetime, you need to evaluate your situation periodically and make appropriate changes. Can your savings cover a financial loss so that you don’t need to buy insurance? Risk management strategies can be combined with savings and investments to achieve financial goals (e.g., buying cash value life insurance).

Planning to make sure that you have the right kinds and amounts of life, disability income, health, auto, home and liability insurance is the process known as risk management.

Risk management is a cornerstone of wealth preservation -- as important to preserving income production and financial assets as sound investment, tax, and legal advice.

A comprehensive analysis of personal risks by a trusted risk management adviser is recommended on an annual basis, just like an annual medical checkup. If there is a sudden change in life events, such as the birth of a child, a marriage, a new job, divorce, a change in travel plans, the purchase of a new house, expensive additions to art holdings, collectibles or jewelry, or a natural disaster like a hurricane, flood, or earthquake, more imm ediate risk analysis is advised.

CWA will also help you determine if you are overpaying for your insurance protection.

So,

	Do you have the right kinds and amounts? Are the benefits and coverages in your policies properly coordinated? If you were disabled, how long would your income last?