Abstract
Recently because of the complicated hazard both inside and outside of the environment for family management, family risk is increasing and becomes more serious. The purpose of series of this study is to systematize the theory of Risk Management in Family Life.
And this paper aims to make clear the significance and effectiveness of Risk Management for family system.
The major findings of this paper are as follows : 1) Family risks should be managed heuristically, systematically and with the cost and the short-middle-long term perspective. 2) Introducing Risk Management into the whole management process contributes for the stability and development of family system by protecting the quality of “Life.” 3) The function of Risk Management for family system suggests that we should aim to construct the theory for systematical Risk Management, getting over the present theory for handling of Financial Risks.