I first learned about Risk Management when I became a Commercial Lines Underwriter. It was critical to the success of the organization to help the policyholder to recognize potential risks and then put a plan in place to help to minimize first, the chances of a loss occuring, and second the severity of the loss. And of course, it was important to price policies accordingly in the anticipation of losses. to also reserve money for catastrophic losses.

Funny how it never ever occurred to me that I should apply this same principle to the financial aspect of my life until I read this post.

Now, I must go back, when I find the time ( ha-ha ) and re-evaluate the financial aspect of my life based on what I read today and what I know about Risk Management, minimizing losses, and reserving for losses.

Thank you. Be well.

Many people become disabled and cannot perform their occupational duties. With such a policy in place, will the benefactor truly be taken care of to the extent they really require?

Is Disability insurance coverage similar to that of automobile insurance where you have to graciously pay each month and then fight tooth and nail to get a penny out of the insurance company??