Why is Insurance Policy Important in Personal Financial Planning?

[Suba]

Currently, insurance policy has become an important part in the preparation of personal financial planning that can provide self-protection from various life risks, be it life, health, property, vehicles, fire, travel etc. So everyone should have at least one type of insurance that suits their needs and financial conditions. So in your opinion, why should we include insurance policy in making personal financial planning?

 

[Springtime]

Taking out insurance policy is to ensure that we have money for unexpected events such as accidents, sickness, third-party liability. This is part of financial planning.

 

[Augusta]

Insurance is financial plan's safety net – having the right insurance at the right amount protects you and your family from unforeseen events and provides a baseline financial cushion.

 

[Fidelia]

Every person has to factor in the risk factors they are exposed to in planning their financial lives. That's where insurance helps to prevent them from falling flat.

 

[Stardom22]

For me l am planning to get the educational insurance policy for my family. With that in place l will be assured of education to my children without any problems despite the higher cost of school fees in my country

 

[Augusta]

Insurance is your financial plan's that you have put in place to help save protects you in the future and now so it worth the take