In essence, insurance is designed to protection. For example is health insurance. Health insurance is used to protect health. If you’re sick, you have health insurance to cover your health care. This also has similarities with car insurance. If you have auto insurance for your vehicle, so you can protect your car. If something bad [...]
In Financial Planning, the role of insurance is very important for us to achieve financial goals (Financial Objectives). Insurance also protects us in gathering wealth to achieve financial independent. Therefore, insurance in financial planning is called the Wealth Protection (properties protective). Why do we need protected by insurance? The answer for you as the person [...]
In daily life, we often hear the term ‘risk’. Various risks, such as the risk of fire, accidents on the road, exposed to the risk of flooding in the rainy season and so forth. All of that can cause a loss if we did not anticipate the risks. Next question is what is the understanding [...]
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