Daily Juice – Why do you need insurance?

Why do you need insurance?

Daily Juice – Why do you need insurance?

Welcome to the Daily Juice Show, where we discuss just one “ingredient” of the complex money topics you face.

We are all familiar with outsourcing risk that we can’t pay for to insurance companies: home, auto, life, disability, health, etc.

One important reason to buy insurance: Replace income for dependents. Life insurance can pay for your funeral/burial, probate and other estate administration costs, and debts and medical expenses not covered by health insurance.

Many of us don’t full think about the downside of not having proper insurance coverage. We look at it from the standpoint of cost, so we shy away buying the coverage.

The question you need to ask yourself is this: Can I afford not have this coverage?

Until next time, remember: It’s your money, and your future wealth, just one sip at a time.

Anna Sergunina
Anna Sergunina

I'm Anna Sergunina, CFP®, President & CEO at MainStreet Financial Planning, Inc. My passion lies in serving others through financial planning, helping clients achieve their dreams like buying a home, saving for education, or retiring early. With over two decades in the industry and a CFP designation since 2009, I'm dedicated to excellence and continuous growth. Beyond work, I cherish moments with my son Liam, prioritize self-care, and engage in content creation for my Money Boss Parent Podcast and Money Library blog.

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