ROLE OF INSURANCE IN FINANCIAL PLANNING
ROLE OF INSURANCE IN FINANCIALÂ PLANNING
TOPIC 4: THE ROLE OF INSURANCE IN FINANCIAL PLANNING: In Financial Planning, if something goes wrong, Insurance is there to ensure protect the insured from financial losses (rather than emotional ones as financial losses will fuck everything up). Insurance is used as a savings mechanism and also to transfer risk.
One of the advantages of insurance is that it pays out faster than the process of…
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