Risk Management

Risk Management, Iowa

Risk management is the process of examining the financial risks in your life, and taking action to reduce risks that are unacceptable or undesired. This can be through risk avoidance (not taking the risk, or reducing it) or risk transfer (laying the risk off to another party). Getting preventive medical care and installing burglar alarms are examples of risk reduction. Insurance is the typical way to transfer risk to someone else.

Some tools are quite simple, such as maintaining an ‘emergency fund’ of assets that are available quickly to meet a significant unplanned expense, such as for a major car repair or a home roof leak.

Others are handled through insurance products and techniques. Depending on your career and family needs, we can help you with:

  • Life insurance coverage (traditional term, whole life, variable, or indexed)
  • Disability insurance
  • Long-term care insurance
  • Property/casualty insurance
  • Key employee (“key man”) insurance

We work with you to identify the financial risks in your situation, and find the most cost-effective way to address them. We focus on finding ways that you can reduce insurance premiums or handle the risk through other means, saving you money while improving your risk picture.