VIDEO: Risk Management Explained: What Insurance Do You Actually Need?

Most people think insurance is the foundation of a financial plan, but that’s not entirely true.

In this conversation, we break down what risk management actually means and how to think about insurance the right way so you’re protecting your family without overspending.

We cover:

  • The difference between manageable risks vs. catastrophic risks
  • Why an emergency fund is your first line of defense
  • When insurance makes sense—and when it doesn’t
  • How to avoid being oversold unnecessary coverage
  • The truth about life, health, and disability insurance
  • How to determine the right amount of life insurance for your family
  • Why risk management should always be personal—not based on rules of thumb

If you’ve ever wondered:

“Do I really need this insurance policy?”

or

“Am I paying for coverage I don’t actually need?”

This video will help you think about your financial life with more clarity and confidence.

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This material is intended for educational purposes only. You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. Dorval & Chorne Financial Advisors is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.

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