Risk Management

Asset Protection

Asset protection entails managing the different risks associated with a client’s financial situation. Various types of risk, even when objectively measured, may exist for a single asset.

Some of these risks might include the following:

  • Business risk
  • Market risk
  • Liquidity risk
  • Financial risk
  • Interest Rate risk
  • Purchasing Power risk
  • Liability risk

Three methods for handling risks are:

  • Avoid the risk
  • Accept the risk
  • Minimize the risk

In the planning process we utilize strategies to help make sure our clients manage the various risks associated with their financial situation.

Disability Insurance

We help our clients manage the risk of disability. Disability is defined as a physical or mental impairment that partially or totally limits the ability to perform duties of the individual’s own occupation or any occupation for which the duties of the individual’s own occupation or any occupation for which the individual is reasonably qualified by education, training, or experience. We help our clients analyze their disability needs for personal and business. Disability insurance is used to provide income replacement, meet business overhead concerns, and in buy/sell agreements. We specialize in helping our clients with their planning in this arena.

Life Insurance

Life insurance is an important part of each person’s financial plan. We help our clients in addressing their life insurance needs for personal and business purposes. Life insurance provides protection from financial loss. An important part of the planning process is to make sure our clients have the right kind of life insurance and right amounts.

The different types of life insurance consist of the following:

  • Term insurance
  • Whole Life insurance
  • Universal Life insurance
  • Variable Universal Life insurance
  • Survivorship and Second-to-Die Life insurance

Accident & Health Insurance

In the planning process we like to help our clients review their accident and health insurance plans to make sure they have the proper coverage and plans. We help many of our business owner clients in providing accident and health insurance benefits to their employees.

Fixed insurance products and services offered by Sterling Financial Group are separate and unrelated to Commonwealth.