Risk Management

Risk management is the foundation of a sound financial plan. Risk control is a method that attempts to minimize the risk of loss. Risk avoidance, risk reduction, risk retention and risk transfer are ways to control risk. All of these approaches may be considered in the course of financial planning. Risk transfer is “insurance.” The risk of loss is transferred to an insurance company in exchange for a relatively small fee, the premium.

mgm Ltd. Company is a licensed insurance agency. Our advisors hold insurance licenses and work as independent agents with our clients. Together with our clients, risk management goals are identified and plans are constructed utilizing life insurance, long-term care insurance, health insurance and disability insurance.