Phantasm
Banned
The importance of insurance in financial planning cannot be overemphasized as it assists in protecting you and your family from unexpected financial risks and liabilities. As a cushion, it gives monetary aid during testing incidents like accidents, sickness or property destructions. These are some of the items to consider when insuring for financial planning:
1. Risk control: Insurance helps to manage different kind of life’s unexpected financial pitfalls you can come across. To protect yourself against any unforeseen circumstances, you need to make sure you have enough coverage on your assets, income and savings.
2. Asset protection: Insurance policies provide coverage for damages or theft that can occur on your properties such as houses vehicles among others. This prevents huge monetary losses from affecting your financial position.
3. Dependent’s Financial Security: Life insurance covers for dependents guarantees the welfare of people who depend on you financially after an immature death. Thus beneficiaries’ basic needs, educational expenses among other things will always be taken care of even if one dies.
4. Health cover: This is important because health insurance protects both individuals and families from extremely high medical bills that may arise due to hospitalization or various forms of treatments received elsewhere. It allows the affordability of relevant healthcare services without stressing oneself out financially
1. Risk control: Insurance helps to manage different kind of life’s unexpected financial pitfalls you can come across. To protect yourself against any unforeseen circumstances, you need to make sure you have enough coverage on your assets, income and savings.
2. Asset protection: Insurance policies provide coverage for damages or theft that can occur on your properties such as houses vehicles among others. This prevents huge monetary losses from affecting your financial position.
3. Dependent’s Financial Security: Life insurance covers for dependents guarantees the welfare of people who depend on you financially after an immature death. Thus beneficiaries’ basic needs, educational expenses among other things will always be taken care of even if one dies.
4. Health cover: This is important because health insurance protects both individuals and families from extremely high medical bills that may arise due to hospitalization or various forms of treatments received elsewhere. It allows the affordability of relevant healthcare services without stressing oneself out financially
