Risk management is basically insurance planning. Insurance serves as a foundation of one’s financial plan, as all forms of insurance serve to protect individuals from unexpected tragedies. Most risks in life can be transferred to insurance companies in the form of health insurance, life insurance, disability insurance, homeowner’s (renter’s) insurance, auto insurance, long term care insurance, and liability insurance. Thus, it is imperative that we review clients’ insurance coverage to ensure they are protected from life’s unexpected events, and that they are not vulnerable to financial disaster.