Insurance Planning & Protecting Your Assets
When we talk about building wealth, we usually focus on earning, saving, and investing. But there’s one essential piece that often gets overlooked: protection.
You can work hard, save smart, and invest wisely—but if you’re not protecting what you’re building, a single unexpected event could put your financial security at risk.
That’s where insurance planning comes in. It's not just a safety net—it's a strategic move in your wealth-building journey.
Let’s break down what you need to know about life, health, and disability insurance—and why protecting your assets is just as important as growing them.
Insurance is the foundation that supports everything else you're building.
Why Insurance Is a Key Part of Financial Security
Here’s the reality: life happens. Illness, accidents, loss of income, or unexpected expenses can derail your plans if you’re not prepared. Insurance helps absorb the financial shock—so you don’t have to start over from scratch.
Think of it this way: insurance is the foundation that supports everything else you're building.
And when you have the right coverage in place, you’re not just protecting your money—you’re protecting your peace of mind.
Life Insurance: Protecting Your People
Life insurance isn’t just for parents or married couples. If someone depends on your income—or if you want to leave a financial legacy—it matters.
Key types to consider:
Term Life Insurance – Simple, affordable, and active for a specific period (e.g., 10, 20, or 30 years). Ideal for income replacement or covering debts like a mortgage.
Whole or Permanent Life Insurance – More expensive, but includes a cash value component that grows over time. Useful for long-term planning and estate protection.
Ask yourself:
Who would be financially affected if something happened to me?
Do I want to leave behind a safety net—or a burden?
Health Insurance: Covering What You Can’t Predict
Medical costs are one of the leading causes of debt—and they don’t wait until you’re “ready.”
Even if you’re healthy now, unexpected illness or injury can lead to thousands in bills. That’s why consistent, adequate health coverage is essential.
Make sure your plan covers:
Preventive care (routine checkups, screenings)
Major medical (hospital stays, surgeries)
Prescriptions and ongoing care needs
And if you’re self-employed or navigating COBRA or marketplace plans, don’t just choose the cheapest option. Look at the coverage, not just the cost.
Disability Insurance: Protecting Your Income
If you suddenly couldn’t work due to injury or illness—what happens to your income?
Disability insurance replaces a portion of your paycheck if you’re unable to work. And it’s one of the most overlooked tools for financial security—especially for women.
Whether you’re the breadwinner or part of a dual-income household, your earning power is an asset worth protecting.
There are two main types:
Short-Term Disability – Covers you for a few months (e.g., after surgery or pregnancy).
Long-Term Disability – Kicks in after a waiting period and can last for years.
Remember: Your ability to earn is one of your most valuable financial resources. Protect it accordingly.
Asset Protection: Think Bigger Than Just Insurance
Insurance is a big part of protecting your financial foundation—but it’s not the only part.
Other key strategies include:
Creating an emergency fund to cover at least 3–6 months of expenses
Using legal tools like wills, trusts, and powers of attorney to safeguard your estate
Keeping personal and business finances separate (especially if you're an entrepreneur)
Being proactive now prevents unnecessary financial chaos later.
Final Thoughts: Empowerment Means Preparation
You don’t wait for a storm to buy an umbrella. And you don’t wait for a crisis to get insurance.
Insurance planning isn’t about fear—it’s about foresight. It’s how we protect the wealth we’re building and ensure the people we love are taken care of.
You deserve financial security. That means having not only the vision to build wealth—but the wisdom to protect it.
Ready to Take Control of Your Financial Future?
You deserve to feel confident and secure about your financial future. This is why I have created my 8-week financial literacy program, What Wealthy Women Know - so that all women have access to the information necessary to secure their future.
Remember, it’s not about chasing perfection. It’s about making intentional choices that align with your goals.
Whether you lack confidence in making financial decisions or feel overwhelmed by yet another task in your already beyond-full schedule, here’s the truth:
Your future depends on your financial literacy.
So, are you ready to take control and build the wealth and security you deserve?
