Considerations for Transferring vs. Assuming Risk

When it comes to your investments and insurance, you can either transfer or assume the risk, but how do you know which option is best for you?

Today, Justin Bennett talks about the decision-making process between transferring versus assuming risk, and what you need to take into consideration when making your decision.

In this episode, you’ll learn:

– Why planning around risk shouldn’t be done in a vacuum – An example of when someone would have to decide whether to assume or transfer risk – How transferring risk also applies to investments – How business owners can decide to assume or transfer risk with their profit – And more Listen now to learn more about the difference between transferring and assuming risk. Related: 5 Ways Your Money Behaves in the Distribution Phase