In reaching your financial goals, it is wise to ensure against setbacks where possible.
Insurance becomes a necessary item for most people.
Since we do not like to think about negative events happening to us nor pay for something that we hope we do not collect, insurance is most often sold to people rather than purchased by them. This mentality drives up the cost of insurance through commissions. If you take the time to shop for insurance coverage, rather than be sold the coverage by a single agent, you are likely to save nicely on your insurance costs. For most people, their most important asset is their own earning potential. If you do not have disability income from your employer, this coverage should be considered high on your list of insurance needs.