What is a financial risk analysis?

Monday, 5 July 2010

What’s a financial risk analysis?

Your independent financial adviser can talk you through a financial risk analysis, to help you identify where the risks are associated with your lifestyle and financial position.The obvious risk that springs to mind is death. But have you thought about other areas of your life that you need to insure?

Do you run your own business?

Have you thought about what would happen to it if you were to get sick so you were unableto work for a long time?

What about your children?

How would they complete their education if you were unable to provide for it?

Mortgage?

Could you keep paying your mortgage if you were laid off or were in an accident that rendered you unable to work?

Talk to your independent financial adviser if you are unsure about your risk and how you are covered.

This information is general in nature and should not be used as a substitute for financial advice. Always consult your financial adviser before making any financial decisions.