Risk Management

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Risk Management

"Risk Management" is the most misunderstood area of a balanced financial portfolio. Having a sound risk management strategy in place for both your family and your business ensures that life’s uncertainties are planned for well in advance.

There are two areas to consider in a comprehensive risk management strategy:


Life Insurance
Life Insurance ensures that your family or business is taken care of in the event of your death. If you were to unexpectedly pass away, would your family have the necessary liquid capital available to pay off any debts or taxes? Would they have an income stream that would allow them to maintain their current standard of living? Would your business be able to buy out your spouse’s share of the company?

Living Benefits
A long term disability or illness is not just a remote possibility. At any time, an accident or illness could prevent you from working for months or even years. If you were unable to go to work tomorrow, how would you maintain your standard of living? How long would your savings last? What would happen to your retirement planning?

Medical advances mean there is a good chance you will recover and get on with your life, but getting better costs money. If you become disabled, sick or require long-term care, Living Benefits Insurance provides you with the necessary capital.

Life Insurance and Living Benefits Insurance work together to effectively address the following areas of both personal and business estate and succession planning:


  •      • Estate liquidity to pay off debt or taxes
  •      • Method of passing control in the business
  •      • Fair treatment of all family members
  •      • Replacement income
  •      • Buy-sell agreements
  •      • Key man coverage

Ciccone/McKay will work with you to determine a solution that fits into your lifestyle and your financial plans, while determining the right type and the right amount of insurance.


Please call us at 604.688.5262 for more information on how we can help you determine the risk management strategy that will work for you.



Risk management for the business



Businesses fail for a number of reasons including lack of planning, poor management, inadequate funds, downturns in the economy, debt overload, etc. Life Insurance and Disability Insurance provide cost-effective risk management solutions for many situations that could threaten a business, such as the loss of an owner or a key employee.


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Personal Risk management

In addition to taking care of the risks your business can face, it is important to ensure that your family is taken care of in the event of a death or disability. Life Insurance and Living Benefits Insurance provide protection for your family, giving you peace of mind.


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Contact Us Today

Email us at info@ciccone-mckay.com or call us: 604-688-5262

About Ciccone/Mckay

Ciccone/McKay Financial Group is an independent financial services firm with over 75 years of combined experience in the areas of risk management, wealth management and employee benefits.


We specialize in providing insurance and investment solutions for our clients, helping businesses, individuals and families grow, manage, protect and transfer their wealth.

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Contact Us

  • Ciccone/McKay Financial Group
    Suite 360 - 1095 West Pender Street
    Vancouver, British Columbia
    V6E 2M6