Insurance is a vital aspect of financial planning that provides protection against unforeseen events, such as accidents, illnesses, or natural disasters.
It works by transferring risk from an individual to an insurance company, which then pools the risks of many people and uses the premiums paid to cover the costs of those who experience a loss.
There are various types of insurance available, including life insurance, health insurance, auto insurance, and home insurance.
Each type of insurance provides unique benefits and protection, so it's essential to understand your needs and choose the right coverage.
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