Are you protected against things you can’t control?
Affluent women believe in Mindful Protection, which is insuring against the unexpected or things you can’t control.
Although it’s important to work hard to build wealth and live a happy and comfortable life, it’s equally as important to protect your possessions and income for you and your loved ones. This is most commonly done through four types of insurance policies.
Health Insurance: Your good health is what allows you to work, earn money, and otherwise enjoy life. If you were to develop a serious illness or have an accident without being insured, you may find yourself unable to receive treatment or even find yourself deep in debt with overflowing hospital bills.
Life Insurance: Life insurance can meet several financial needs. If you’re married with a family, it can replace lost income, pay off any lingering debts after your death, or pay for your children’s college education. If you’re single, life insurance could pay for burial costs and pay off any debts you leave behind.
Auto Insurance: Most automotive insurance policies cover bodily injury or death of another person in an incident that you are legally responsible for. While it generally pays for medical expenses related to the incident, it can also cover legal defense costs. If you’re in an accident, liability insurance covers damages to the other vehicle, while collision covers damage to yours.
Property Insurance: For many people, their home is their greatest asset, so it is vital to adequately protect it.
While you can find an insurance policy to cover almost anything imaginable, the key takeaway is to protect what you worked so hard to build.
What steps are you taking towards protecting your wealth? Insurance gives you peace of mind so that you can expect the unexpected.
For more information, you can find my book on Amazon — click here to purchase the Kindle version.