Naperville Risk Management Services

DuPage County Risk Management Planning

DuPage County Certified Financial PlannerĀ® Helping Clients Analyze Risk and Insurance Needs

All types of financial management come with certain levels of risk. Balancing such risk with your financial goals is an important consideration when developing your investment and saving strategies. Proper risk management requires planning that involves structuring your personal and business affairs to provide liquidity or income for you and your family in the event of premature death, unforeseen disability, and planned retirement.

At The Krajniak Group, our Certified Financial Planner® (CFP®) can help to identify your risk exposure based upon your occupation, net worth, liabilities, family obligations, current coverages, and more. As a CFP®, Matthew A. Krajniak, along with the rest of his team, is dedicated to serving and protecting your best interests in the area of risk management. We will work hard in seeking to ensure that your future and that of your family are protected to the greatest extent possible.

Our Approach

We believe that our client-first approach to financial planning and asset management is what sets us apart from the pack. At The Krajniak Group, we begin with in-depth conservations with you, as well as a comprehensive analysis of your entire situation. This allows us to understand your needs and goals so that we can develop customized strategies based on your circumstances, not on specific financial products. Our comprehensive analysis will include:

Risk Analysis

We always recommend performing a Risk Management Analysis to identify your potential types of risk. Your risks may be affected by a wide range of variables, including but not limited to:

  • Your occupation as an indicator of risk
  • The types of assets you own
  • Your total net worth
  • Business interests, liabilities, and obligations
  • Family responsibilities and obligations
  • Insurance coverages currently in place

Our comprehensive approach to risk management is to help ensure your assets are protected against life's changes and positioned properly to provide not only for you during your lifetime but also for your heirs. It's not about buying products so much as identifying your exposures. From there we will help you evaluate how a negative event could impact your plan, and decide whether some sort of coverage is worth it to offset that risk. Part of this process is ensuring that the right questions are asked and answered, including:

  • What kind of insurance do I need, or can I afford?
  • How can I cover the cost of long-term care without draining my portfolio?
  • How do I plan on taking care of my special needs child after I am gone?
  • How can I protect my family if I become sick or hurt and unable to work?
  • Can I (and more importantly, should I) use my life insurance funds for other goals?

All of these factors—and any other relevant concerns—will need to be considered when determining your acceptable level of risk for your unique situation. We will explain all of your risks to you and help you design and implement strategies for managing them.

Life Insurance Review

The purchase of life insurance is supposed to be about your family—not about you—and could therefore be considered a generous, unselfish endeavor. Many individuals who have paid premiums during their lifetime are seeing benefits change due to uncontrollable changes in interest rates and expenses.

At The Krajniak Group, we know that life insurance can be structured in dozens of ways. Many policies can be improved upon based on cost, length of coverage, or benefit amount. Changes in interest rates, medical advances, improvements in policy design, and the financial situation of the life insurance company are all factors that must be evaluated to assure the life insurance coverage remains as beneficial to your plan as it was intended.

Long-Term Care Planning

Many Americans worry that one day they will become a financial or emotional burden to their family members in the event they require long-term care. Yet, surprisingly, the majority have not prepared for this potential need.

Long-term care is the care that you or another loved one may need if they are unable to perform basic activities of daily living (ADLs) such as bathing, eating, or dressing. LTC insurance is just one of the ways to address potentially ballooning costs for care expenses incurred at home, a skilled nursing facility, or assisted living center if a family member is unable to become a primary caregiver.

Speak with a Certified Financial Planner® Today

To learn more about analyzing and managing risk in your investment and financial planning strategies, contact the office of The Krajniak Group today. Call 630-364-2406 for a confidential consultation with a Certified Financial PlannerĀ® at our firm. We help individuals and families in Kane County, DuPage County, and the surrounding areas.

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