Insurance planning is simply protecting yourself, your family and loved ones, your home, your assets, or your business against unexpected events to ease financial burdens that can occur when disaster strikes.

The principle goal of insurance planning is to identify and analyze risk factors in life and seek proper coverage to attain a peace of mind if disaster strikes.

The chances of recovering partly or fully is assured by having insurance. Therefore, insurance is an economic device transferring risk from an individual to a company and reducing the uncertainty of risk via pooling.

Each individual has different insurance needs tied to his/her unique situation, age, health, family structure, economic situation, possessions, assets, and many other factors. There are several forms of insurance and no one size fits all. Hence, the reason for insurance planning.