Risk Retention is a method where an individual personally assumes all risk and chooses not to mitigate it, such as forgoing long-term care insurance because they believe they have enough assets and income to cover potential costs.

Authors

• Person: Not available Organization: Pure Financial Advisors
  Why Risk Management is Important - Pure Financial Advisors

Sources

• Why Risk Management is Important - Pure Financial Advisors purefinancial.com Pure Financial Advisors via serper

Referenced by nodes (1)

• long-term care insurance concept