Risk Management & Insurance Planning
Protecting the Financial Strategy You Have Built
Risk management is about protecting the strategy you've built. We'll help you discover which risks make sense to transfer to an insurance company, such as life, disability, and long-term care, and which risks you can manage yourself.
Who is this For?
Insurance Planning Areas We Review
Life Insurance Planning
Life insurance planning helps evaluate how much protection may be appropriate to support your family, replace income, address financial obligations, and complement your broader financial and estate plan.
Disability Insurance Planning
Disability insurance planning considers how an unexpected illness or injury that affects your ability to work could impact your income and financial goals. The objective is to identify potential gaps and determine an appropriate level of income protection.
Long-Term Care Planning
Long-term care planning prepares for the potential financial impact of services such as in-home assistance, adult day care, or nursing care. It considers how future care needs could fit within your retirement and overall financial strategy.
Existing Policy Review
An insurance policy review helps determine whether your current coverage still aligns with your needs, financial circumstances, and long-term goals. It can also help identify potential gaps or areas where coverage may need to be reconsidered.
Coverage After Major Life Changes
Life events such as marriage, starting a family, changing careers, buying a home, or approaching retirement can change your insurance needs. Reviewing coverage after significant changes can help keep your protection aligned with your evolving financial plan.
Our Planning Process
The Outcome
Confidence that a single event, illness, disability, or death, won't derail the strategy you've built.
Key Benefits
A risk review with Mattson Wealth Management gives you a clear picture of your current coverage and where the gaps are, with recommendations based on your actual needs rather than sales targets. That coverage is coordinated with your broader financial and estate strategy, and we revisit it as your circumstances change. The goal is straightforward: help protect your financial dreams and the people you love, so a single event doesn't derail everything else you've built.
Frequently Asked Questions
Do you sell insurance products?
We can help you obtain appropriate coverage as part of your strategy, always with your overall goals as the priority rather than any single product.
How do I know if I have enough life insurance?
We calculate your coverage need based on your income, debts, dependents, and long-term goals, then compare that to what you currently have.
What is long-term care planning?
It's preparing for the potential cost of extended care later in life, whether through insurance, savings, or a combination of strategies.
How often should I review my coverage?
We recommend a review at least every few years, and any time you experience a major life change.
The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a strategy involving life insurance, it would be prudent to make sure that you are insurable by having the policy approved. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. In addition, if a policy is surrendered prematurely, there may be surrender charges and income tax implications.