As we travel through life, we find certain risks and challenges that we must deal with. While many of these risks are unlikely, the unfortunate occurrence of some losses can be emotionally and financially devastating. While there is usually little we can do to protect ourselves and our loved ones from emotional loss, there are measures that can be taken to protect the ones we care about from certain debilitating financial losses.

There are certain questions we can ask regarding the risks we face. For example, how would the financial well-being of a spouse or child be affected if the family breadwinner were no longer able to work? Is my family financially prepared to deal with the costs that can be associated with the illness of a family member? What is the likelihood that I will need nursing home care as I age? What is the likelihood that I will be faced with the financial burden of a parent entering a nursing home? The solution to many of these questions is through the use of insurance.