Protect income with insurance from "summary" of The 7 Most Important Money Decisions You'll Ever Make by Mary Claire Allvine,Christine Larson
Income protection is a key component of a solid financial plan. Life is unpredictable, and unexpected events such as illness, disability, or death can disrupt your ability to earn a living. This is where insurance comes in. By purchasing insurance policies that protect your income, you can ensure that you and your family are financially secure in the face of adversity.
One of the most common forms of income protection insurance is disability insurance. This type of policy provides you with a source of income if you are unable to work due to a disability. Disability insurance can help cover your living expenses and medical bills, allowing you to focus on your recovery without worrying about how you will make ends meet.
Another important form of income protection insur...
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