Protection
Financial protection is like any other form of protection. Something might not go according to plan so you take measures to either prevent this or to help when it happens.
There are numerous financial protection products out there and they can protect you in lots of situations. For example:
- Losing your income due to an accident or sickness
- Coping with life after a serious, or critical illness
- Helping your family if you were to die
- Protecting any pay out from inheritance tax