Advertisement:
You know you need life insurance, but how much and what kind? Get personalized answers from Nelsonomics creator Danny Nelson with a Life Insurance Blueprint.
Placeholder Lesson:
** This lesson is generated with AI assistance and approved by Danny Nelson. This lesson will communicate the essence of the topic for now until Danny can create a full lesson. **
Insurance is a financial arrangement where a person or business transfers risk to an insurance company in exchange for premiums.
The insurer promises to pay for covered losses if certain events occur.
This helps protect against financial hardship from accidents, illness, death, or property damage.
Insurance works by pooling risk across many policyholders.
Overall, it provides financial security and peace of mind by reducing the impact of unexpected events.