Financial protection involves measures taken to safeguard

Financial protection involves measures taken to safeguard one's financial well-being and assets against potential risks and uncertainties. This can include purchasing insurance policies (such as life insurance, health insurance, or property insurance), setting up emergency funds, creating wills and trusts, and practicing sound financial management practices. The goal of financial protection is to mitigate financial risks and ensure financial stability for oneself and one's loved ones in various circumstances, including illness, accidents, or unexpected events. By taking proactive steps towards financial protection, individuals can enhance their financial security and peace of mind.