Mortality is often a difficult topic to face for most people. Even so, facing the difficult truth of mortality is crucial in building a secure financial future for you and your family. The first step is to distinguish what financial risks you face and determine whether or not you are prepared to handle those risks.
A successful risk management plan includes answering several difficult questions like, what happens if “I become ill or injured, get disabled at work, get old and need care, die unexpectedly or if a business partner dies unexpectedly?”
To minimize unexpected financial burdens, a risk reduction plan should be developed to ensure you are adequately protected. Then you can safely forget about the ugly topics. Risk reduction strategies often involve using various forms of insurance to protect from downside risk, such as term or life insurance, disability insurance or critical insurance.
CSIC’s vast knowledge and resources in the risk management area will ensure that you and your family are protected against the most damaging insurable risks in the most cost-effective way possible.