Every day, people run the risk of an unforeseen event occurring, e.g. being in a car accident, falling ill, being robbed. As most risk events have a financial impact, the purpose of risk planning is to identify risks that may result in financial costs or loss, and creating a financial plan to provide financially for risks that could occur.
Risk planning, together with retirement planning, investment planning and estate planning is an essential element of an individual’s holistic financial plan. In fact, risk planning is a priority because the financial impact of an unforeseen event could destroy all other areas of a financial plan, e.g. if a person had no medical cover and became seriously ill, investments would need to be cashed in to pay for medical expenses and treatment.
Who should register?
Financial planners, Financial advisors, Para-planners, Business owners
4 CPD Hours