Transfer the risk. Since very little in this world carries a guarantee, there can be some consolation that we can deal with risk when properly identified and managed. Life, health, property, and even investments can be insured to protect our loved ones and our interests. Whether to protect a young family from unexpected loss of the income provider, or creating a legacy and/or funding beloved charities, or planning ahead for estate taxes, no financial plan is complete without a thorough review of this powerful tool.