Business and personal risk can be mitigated through the purchase of appropriate insurance products. Getting the right balance between investments and insurance is not an easy task and forms an essential component of the wealth management process. There has also been significant product innovation within the insurance industry which ironically adds risk especially since many of the terms and conditions of these products are not that easy to understand. Therefore, an insurance product must be carefully reviewed and negotiated before selected.
At Pioneer Wealth Managers we have specialist insurance experts who understand insurance products and how best they should be used as one of the foundations for a holistic wealth management plan.