Part 6: Riding the Rapids - Survivor Protection
The possibility of death of the primary breadwinner in your family is likely to be the next greatest risk you will face as you grow your River of Wealth. This month we will discuss the best approach for mitigating this risk:
1) Understanding the risk, and probability of premature death
2) Calculating your needs in the event of premature
a) Current income replacement
b) Educating the kids
c) Long term planning and wealth creation
3) Managing the risk:
a) Assess your current coverage
b) Proper product selection: term or permanent?
c) Consider supplemental coverage
d) To Trust or not to Trust?
Concentus, in partnership with Wellworks For You, is offering a FREE live webinar series.
The mission of this program is to help you to develop a plan to achieve your personal version of Financial Freedom for your future. Financial Freedom is defined as an income stream that you cannot outlive, and the pursuit of this program is to help you to create a plan to achieve the Wealth which will produce that income stream for you. Although this may seem like an impossible goal, anything is possible with a little education and a lot of your own commitment.
True Wealth, properly managed, should behave like a River: It will grow deeper and wider as it falls down through the years, and possibly into the next generation. This program is about your journey to create a River of Wealth for yourself and your family.
Our team has a collective investing experience of over 200 years, stretching back to 1967. Over those years we have lived through all types of markets, and have earned a great deal of investing wisdom – the hard way. We are pleased to share that wisdom.
Through this series, Erik Strid (CFP®, ChFC®) will share his decades of accumulated investing wisdom and answer participant questions.