Insurance plays a large function in hazard direction for a personal fiscal program. Sketch an insurance program for assorted phases of life. Specifically address the followers needed elements:
1 ) Explain hazard direction and its importance.
2 ) Identify types of hazard and how you can pull off them.
3 ) Determine appropriate insurance coverage by look intoing options for belongings and vehicle. – talked about our ain vehicle insurance.
4 ) Determine appropriate insurance coverage by puting options for life. wellness and disablement. – talked about your ain policy
Term ( like rental insurance ) or lasting life insurance.
Permanent is sort an investing.
5 ) Explain revenue enhancement deductions of insurance ( i. e. life insurance returns. health care reimbursement. flexible disbursement histories. and disablement premiums/proceeds ) . –
6 ) Explain insurance needs short-run. intermediate-term. and long-run based on the development of your personal fiscal program.