What Is Risk Management Planning?

Protecting income and asset loss due to uncertainties and risks, e.g. accident, disaster, disability, death and diseases.

Type of Risk

  • Financial Risk – Separating personal wealth and business with clear boundary and solid protection against business creditors by setting up Trust
  • Longevity Risk – Outliving retirement fund by investing in Annuity and Medical Insurance
  • Succession Risk – plan early and develop a succession plan
  • Diversification Risk – putting your nest egg in a few baskets (not wholly in your business)

Type of Insurance:

  • Life Insurance
  • Health & Medical Insurance
  • Property & Motor Insurance
  • Personal Accident Insurance
  • Group Insurance
  • Business Insurance
  • Annuities
  • Takaful Insurance

Wealth Protection is one of the key elements in financial planning and it is also the first priority among other elements. It is meant to manage or transfer any potential risk out of your financial planning to ensure you will accomplish your financial goal.