A contingent claim’s payoff is dependent on the realization of an uncertain future event. In life-cycle planning, contingent claims are used to plan for the unpredictability and risks in life. Rick Miller discusses protecting against risk when financial planning.
Disability Insurance
Sensible Scenarios: Do I Need Disability Insurance?
Remember when you were a kid and grownups asked you what you wanted to be when you grew up? That was then, and this is now. You are a grownup. You’ve finished school, gone to work, and started a family or a business. Now you’re settled, but you still have dreams. Maybe you want to[Learn more…]
Disability is a life-long threat to your financial well-being
In early May, I made a presentation to the NAPFA National Conference on the importance of disability in financial planning. I was privileged to work with the Society of Actuaries to develop the material, and Edd Bailey (Vice President and Chief Actuary, Assurant Employee Benefits) joined me in making the presentation. Edd is a Group[Learn more…]
Five Common Misconceptions About Disability Insurance
Over the past two years, I’ve been working with a team from the Society of Actuaries to assemble perspectives on disability for financial planners. We produced an extensive presentation for planners. I’ve delivered it several times – at NAPFA, FPA and other professional meetings, and in webinar form. I’ve spoken about the subject on the[Learn more…]