What does Financial Planning mean? Read on to discover the definition & meaning of the term Financial Planning - to help you better understand the language used in insurance policies.
Financial planning is the process of evaluating a person's current financial status and determining a strategy or program of allocating and managing finances through investments, budgeting, savings, risk management, retirement, education, and so on. In the context of insurance, financial planning is the process of determining the types of insurance to purchase in order to ensure financial protection.
We hope the you have a better understanding of the meaning of Financial Planning.