Disability Insurance: The Unsung Hero of Your Financial Plan
Disability insurance is a crucial yet often overlooked element in one's financial planning strategy. By definition, disability insurance is a type of coverage that provides income protection in the event that an individual is unable to work due to illness or injury. This insurance can be a lifeline, replacing a portion of your income and ensuring that you can still manage your financial obligations even when the unexpected happens. Financial planning is an ongoing process that helps individuals and families make informed decisions about their money to achieve personal and financial goals. It involves setting objectives, assessing assets and liabilities, and creating a strategy for saving and investment. A sound financial plan acts as a roadmap for your financial journey and helps secure your future. Whether you aim to buy a house, provide for your children’s education, or ensure a comfortable retirement, financial planning helps you allocate resources efficiently and protect again