Insurance is a crucial aspect of financial planning and risk management. It involves transferring the risk of potential financial loss from an individual or entity to an insurance company in exchange for payment of premiums. In the event of an insured event, such as an accident, illness, or property damage, the insurance company provides compensation to help mitigate the financial impact.

In the FINPOWER training program, you can learn about the importance of insurance as part of comprehensive financial preparedness. You gain an understanding of various types of insurance coverage, including health, auto, homeowners/renters, life, and disability insurance. By grasping the fundamentals of insurance, you can make informed decisions to protect yourselves, yourfamilies, and your assets against unforeseen events and financial hardship.