TITLE

Why is Risk Management Being Overlooked?

AUTHOR(S)
Most, Bruce W.
PUB. DATE
April 1998
SOURCE
Journal of Financial Planning;Apr98, Vol. 11 Issue 2, p48
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article looks at the reasons why insurance is often overlooked by financial planners in the U.S. and their clients. Several financial planners and insurance experts are not emphasizing enough the area of risk management, not only life insurance but also disability, health, long-term care and liability coverage. Findings from the annual surveys conducted by the College for Financial Planning have revealed that demand by consumers for specific insurance plans ranked near the bottom. To improve the area of risk management, most of the planners and insurance experts agreed that financial planners should accomplish at least a minimum in two main areas of insurance: an initial inventory and assessment of the client's insurance needs and a consistent monitoring of those policies and needs in subsequent years.
ACCESSION #
502853

 

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