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Risk Management

Be prepared for anything life throws at you

A financial security plan is incomplete without taking into account your personal risk management.

From sudden disability, prolonged illness, premature death or outliving resources, we should anticipate potential risks that may affect not only our livelihood, but how that would impact our family and loved ones.

Through thoughtful preparation and planning, implementing loss prevention strategies tailored to your individual needs, we can mitigate the aftermath of risk and loss. 

In a situation where there might be an interruption of your earning ability, having a management plan will allow you to feel more secure despite any drainage of income. And while life expectancy is on the rise, it is important to ensure that you can project any expenses in the event where you might require long-term care due to poor health.

Risks worth accounting for:

Death
  • Loss of financial support
  • Immediate settlement of all liabilities
Disability
  • Loss of income
  • Ongoing medical expenses
Critical Illness
  • Loss of earning power
  • Medical expenses
  • Long term care
Goodlife Financial Planning - Abdul Azim
Accident
  • Loss of earning power
  • Medical expenses
  • Long term care
GoodLife Financial Planning - infog raphic

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