FRESNO, Calif. (KFSN) — From market volatility to inflation, risk management is critical to financial wellness.
“We always think about emergency savings and investing for retirement and the future, but it’s important that we also protect our money,” CEO of the Academy of Financial Education.
In addition to reducing spending and assessing wants versus needs, identifying potential losses can help protect your assets.
Molina says homeowners, renters and car insurance are common but life insurance can help you prepare for the unforeseen.
“All too often in the Central Valley, we’ll see people doing car washes because they lost someone that they love or put up a GoFundMe account,” Molina said. “When the breadwinner or partner loses their life that can devastate the family and the community.”
Premiums vary based on gender, age, health and provider.
“You can talk about a half a million to a…
