Planning For Your Future

Many people will say they don’t like insurance. And yet, they would not dream of driving a car without adequate coverage. They could not imagine living with the possibility that they might amass huge medical bills and not have health insurance to pay the lion’s share of those costs.

Life is full of risks: illness, death, injury. Many of these can have tremendous financial consequences: The cost of educating children if the breadwinner were to die prematurely. The cost of confinement in a nursing home or of paying for care at home for an elderly family member. Who will pay the mortgage if a parent is injured and can’t work?

There are several ways to handle this risk. We can hope nothing bad happens. We can take on the risk and say we’ll deal with it if the worst happens. Or, we can transfer the risk to an insurance company. We pay a premium for health or life or disability insurance and, if something bad happens, the insurance company steps in to shoulder the financial burden. When they do, they often pay many times what we have paid in premiums.

Often, people will say, "I don't need insurance, that risk is very unlikely to occur." In fact, insurance is for risks that are not likely to occur, but which could be financially devastating if they happen. For example, we don't have health insurance to cover a cut on the finger, something that is quite common. On the other hand, we have health insurance to cover something such as a heart transplant. It is not likely to happen, but if it did, the cost could be catastrophic. That's when we are glad that we have insurance to step in and cover much if not all of the cost.

In addition to covering these risks, some insurance has an investment component. The cash buildup in these can be used towards retirement income or other financial goals.

At Havasu Community Credit Union (a division of LA Financial Federal Credit Union) Investment Services, our job is to help you assess the risks to which you may be exposed. We then help you to calculate the financial impact of those risks. Then, we provide you with the insurance products to help meet your needs.

Contact Denney Domantay for a free no-obligation appointment.
800.894.1200 ext. 8244
626.614.6651 (cell)

Denney is securities Registered in California.
California Insurance license #: 0B94907

The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: CA, CT, FL, IL, MO, NJ, NV, NY, OR, PA.

Securities and insurance products offered through LPL Financial and its affiliates, Member FINRA/SIPC. Securities and insurance products are not deposits of, obligations of, or guaranteed by LA Financial Federal Credit Union and are not insured or guaranteed by the NCUA or any other government agency. Investment Securities Products involve investment risks, including the possible loss of principal. Financial Services Group consultants are employees of LA Financial Federal Credit Union and are licensed/registered representatives with LPL Financial. LA Financial Federal Credit Union and LPL Financial are not affiliated and are two separate entities.

Not NCUA Insured No Credit Union Guarantee May Lose Value
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Disclaimer: Havasu Community Credit Union (a division of LA Financial Federal Credit Union) is not responsible for the privacy practices or the content of web sites which we may provide a link to. While all efforts are made to maintain the accuracy of information presented on the Havasu Community Credit Union (a division of LA Financial Federal Credit Union) web site, we cannot guarantee that all information is current. Please contact the Credit Union call center directly for the most current information at 800.894.1200.