Risk planning is the process of planning for an unforeseen event like the death, disability or severe illness of a breadwinner or business owner and may also include insuring against theft, natural perils or third party liabilities.
How to start a risk plan
Speak to a financial advisor who will gather information on your current situation and advise on the steps that need to be taken to achieve freedom from the financial risk of a life changing event.
What risk products will suit you
A business may need solutions like key man insurance or a buy & sell agreement backed by life insurance while individuals may need a lifestyle protection plan that includes life insurance, severe illness insurance, disability insurance and income protection.
Short term insurance provides protection for both businesses and individuals against the risk of theft, accidental damage, personal liability etc.