One of the first financial goals that I encourage my clients to meet is getting life and health insurance. While there are some unforeseen events that you can manage to get through relying on an emergency fund, other events can be catastrophic for you or your family unless you have insurance. For instance, if you’re younger you face the risk of dying early before you’ve saved up enough so that your family doesn’t struggle financially when you’re gone. Life insurance manages against the risk of a potential disaster, while you earn and save up money over the years. Young and old alike face the risk of a major health issue, which can bankrupt people. Health insurance will help mitigate this risk.
I feel you need a way to protect you and your family against the financial risks of early death and health crises. Insurance helps fill this gap and that’s why getting life and health coverage is among the first goals I coach my clients to pursue. If you have questions about insurance, I’d be happy to help you work through them and find strategies so that you don’t live without coverage. Look through my blog as well for more videos like this one that may help you make educated financial decisions.”