Identify Risks
Life is full of uncertainties, but by managing risks effectively, you can safeguard your financial future and well-being. Here’s how to take control of your risks and protect yourself for the long term.
Identify and Assess Your Risks
Identify everyday risks like health issues, property damage, or income loss early to create a targeted protection plan.
Prioritize Your Most Significant Risks
Prioritize risks with the greatest financial impact or likelihood to allocate resources efficiently.
Build a Robust Emergency Fund
Save three to six months of living expenses as an emergency fund to cover unexpected costs.
Choose the Right Insurance
Insurance is a critical part of any risk management plan. Here’s what you should consider:
Provides lifelong coverage with a savings component, ensuring your loved ones are financially protected in the long run.
Offers affordable coverage for a set period, ideal during key financial responsibilities like raising a family or paying off a mortgage.
Medicare helps manage healthcare costs for those 65+. Explore options like supplemental insurance and Medicare Advantage to reduce out-of-pocket expenses.
Covers long-term care costs, like nursing homes or in-home care, protecting your savings for future healthcare needs.
Safeguards a portion of your income if you're unable to work due to illness or injury.
Provides protection for your property, covering damage or loss from accidents, theft, or disasters, and safeguarding your home, belongings, and liability.
Covers car damages, liabilities, medical expenses, and legal fees from accidents, theft, or vehicle damage, ensuring financial protection on the road.
Risk Management Resources
Our experienced consultants can guide you toward financial independence.
Brokerage Disclosures:
The financial consultants of Logix Financial Services are registered representatives with, and Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Logix Federal Credit Union (LFCU) and Logix Financial Services are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using the name Logix Financial Services, and may also be employees of LFCU. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of LFCU or Logix Financial Services. Securities and insurance offered through LPL or its affiliates are:
Other Government Agency
or Obligations
Logix Federal Credit Union provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for brokerage or advisory services. Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.
The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following state: CA.
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