Why Insurance?
People dislike paying for something that they do not use. This is the rationale that prevents some people from using insurance. The purpose is not that I hope that I have an accident happen so I can use my insurance. The purpose is to protect you and loved ones in the event of an accident. Managing the risk of those events that could destroy your finances is just as important as all the other principles in achieving your financial plans.
There are different types of insurances that can provide you the security knowing that you and your loved ones are protected:
- Life Insurance to financially provide for your loved ones in the event of your death
- Health Insurance to protect your physical and mental well-being
- Property/Casualty Insurance to protect your home, auto and other personal assets
- Disability Income Insurance to supplement your income should you be unable to work
Remembering the role of insurance in your financial plan is important. You have no idea if a careless driver will run a stop sign and hit you. You have no idea if you will become disabled and be unable to work anymore. You have no idea when a death may occur. Make sure that you have the coverage necessary to ensure your peace of mind.
Please consult an insurance agent or financial planner in deciding what types of insurance and what coverage is necessary for your personal situation.
Related Posts
