When considering insurance coverage in your financial plan, the most important issue is

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Loss of income due to disability is the most important issue to consider when it comes to insurance coverage in a financial plan. Without adequate disability insurance, an individual or family would suffer a loss of income if a disability prevents them from working. Automobile and home insurance are important, but they only cover specific losses, while disability insurance covers potential lost income from any cause. Emergency funds to cover maternity leave are also important, but disability insurance should be in place in case an unforeseen disability prevents a person from working beyond their maternity leave.

When Considering Insurance Coverage in Your Financial Plan, the Most