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Life insurance 101: everything you need to know for beginners # Financial wellness is your ability to live a healthy financial life. It is the power to take control of your financial health now and into the future. Financial wellness is the ability to meet basic needs and manage money for the short- and long-term. When it comes to money, every penny matters. Attaining financial wellness gives a sense of financial security and freedom. It means you might not have to worry about a sudden emergency, job loss, or career change that might impact your finances in the short term. financial wellness is effectively managing your economic life and this simple concept encompasses many factors. Financial wellness is a relative measure of how well a person manages their financial life. Life insurance is a contract between a life insurance company and a policy owner. Buying life insurance protects your spouse and children from the potentially devastating financial losses that could result if something happened to you. It provides financial security, helps to pay off debts, helps to pay living expenses, and helps to pay any medical or final expenses. Life Insurance is a contract between an insurance policy holder and an insurance company. Normally, the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ #thrivinglessonswithdrGee #mentalhealth #thrivinglessons --FOLLOW ME---: Subscribe to Youtube: bit.ly/3VCejv Find out more about mental health by visiting: http://thrivewithdrgee.com