Insurance is an important element of any sound financial plan. Different kinds of Insurance help protect you and your loved ones in different ways against unexpected cost of tragic events such as accidents, illness, disability and even death.

although we have established that Insurance key in your financial plan, the Insurance decisions you make should be based on your family, age and economic situation. This is because there are many forms of Insurance and unfortunately, no one size fits all policy. Life Insurance for example is a must if you a spouse and children.

Disability Insurance, which provides an income stream if you are unable to work is important for everyone.

In an ideal financial plan, most average people will require some amount of all of these categories of Insurance. The good news however, is that some of these Individual policies are compressed into one and sold as compact Policy which makes the premium cheaper.

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