Insurance is important for several reasons. It ensures your family’s financial stability in case of unexpected events that can burn a huge hole in your pocket or jeopardize your family’s financial future. It brings peace of mind and reduces stress during difficult times. Insurance also helps mitigate the risk of life on the road (of which there are many!) and can even be compulsory by law in some cases 12.
In addition, enrolling in high-quality health insurance can help you avoid large medical bills that can cause financial hardship and even medical bankruptcy. With health insurance, you can go to the doctor for preventive services to help you avoid serious illness 3.
I hope this helps! Let me know if you have any other questions.
Charles Earl Navaja
Financial Wealth Planner