Chapter 1 discusses ten principles that form the foundation of personal finance. The principle that considers the importance of insurance is the ________ principle.

Question

Quizplus · Accepted Answer

The principle that considers the importance of insurance is the "protect yourself against major catastrophes" principle, which emphasizes the need for individuals to obtain insurance coverage to protect themselves against major financial losses due to events such as illness, disability, death, and property damage.

Chapter 1 Discusses Ten Principles That Form the Foundation of Personal