Insurance planning is about selecting the right insurance policies to protect you and your loved ones from unforeseen risks. This can include life insurance, health insurance, and other types of coverage to safeguard against financial losses. It is important as :
- Risk Protection: It provides financial security against life’s unexpected events such as death, disability, or illness.
- Wealth Preservation: Proper insurance ensures that your savings aren’t depleted by large, unanticipated expenses.
- Peace of Mind: Insurance planning offers assurance that your loved ones will be financially protected in case of unfortunate events.
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