Whether you love it or hate it, getting and maintaining the right insurance coverage is one of the most crucial financial decisions you can make to build and preserve your financial independence outside of saving for retirement.
Now, up until recently, it seemed like the only way to get the coverage you needed was to work with an insurance salesperson.
Even so, with various options and so many policy decisions coming down to just a few mouse clicks, you now have more power to protect your wealth at your fingertips than ever.
To be sure, just like managing taxes and spending decisions, having the right insurance protections in place is akin to keeping more of what you make.
You see, that’s because when the unexpected strikes, the right insurance policy can step in and transfer a potential financial loss from your pocketbook to that of an insurance company.
For example, if you suddenly become ill, and an emergency room visit turns into a month’s long stay at the hospital, the right kind of insurance can potentially save you thousands of dollars in medical bills.
To be sure, at the end of the day, insurance, for all its negative connotations as an expense that rarely pays out, can actually one of the most valuable financial decisions you ever make.
Now, not all insurance companies are created equal. That’s why understanding the basics of ideal providers and policies can help you buy insurance like a pro as you go out and purchase this essential coverage for yourself and your family.
Visit us at https://fimastery.com to learn more about the FI|Mastery Journey.
Be sure to follow us on Twitter: @fimastery and Instagram: fimastery