Limiting Liability

by James Lucidonio

Insurance is an important part of a person’s overall financial picture.
There can be events in life that customers didn’t plan for and subsequently, may not be prepared for. A customer may be unprepared for a diminished financial status after divorce or the death of her spouse. In extreme cases, a customer could be alarmed to discover that the house she thought was almost completely paid for actually carries a full mortgage, or that the life insurance policy that she thought was supposed to be the family’s financial safety net had been cancelled, reduced or borrowed against. The savings she assumed would fund retirement are now needed to pay for day-to-day living expenses.