Part 9/9:
Summary: A Balanced Approach to Insurance
In essence, a prudent approach combines:
Starting early to benefit from lower premiums and longer growth periods.
Maintaining a balanced, tailored portfolio that covers essential health and life risks.
Avoiding over-insurance and redundant policies.
Regularly reviewing and updating coverage as circumstances evolve.
Through careful planning, informed choices, and proactive management, individuals can ensure they are sufficiently protected against unforeseen events—just as Irene did with her family's insurance strategies—so they can focus on what matters most during challenging times.