Part 6/7:
Insurance plays a crucial role in financial planning and is often overlooked. While many view it as a scam, the importance of having adequate coverage cannot be understated—especially for those with dependents.
Lisa explains the significance of income protection insurance, which can provide essential financial security in case of long-term illness or disability. The startling statistic that there’s a nearly 39% chance of either dying or becoming critically ill before age 65 highlights why securing adequate insurance coverage is vital for financial peace of mind.