The relationship between insurance and successful financial management

  What is the relationship between insurance and successful financial management? Why is insurance important? Consider your home and possessions. What types of risks do you face? What insurance would you recommend to someone in a similar location? What are personal, property, and liability risks? What are examples of personal, property, and liability risk? Why is estate planning important? What is the principle of indemnity? Why is this principle important? Why is it important to have your financial plan and goals in place when considering investments? What is one financial goal that you have? Using what we have discussed in the unit, what strategies in saving and investing could you use to reach the goal? What are the advantages and disadvantages of the strategies that you would use?