One aspect of financial planning is to make sure you maintain adequate insurance coverage for your needs.Which component of financial planning does this deal with?
A)Borrowing
B)Spending
C)Managing risk
D)Investing
E)Retirement and estate planning

Question

Quizplus · Accepted Answer

Managing risk is a crucial component of financial planning, and maintaining adequate insurance coverage is a key strategy for mitigating potential financial losses due to unforeseen events or circumstances.

One Aspect of Financial Planning Is to Make Sure You