Insurance protects everything else you're building. One hospital stay, a death in the family, or a fire can wipe out years of savings, or push a family into debt.
Insurance shares that risk: many people pay a small premium, and the few who suffer a loss get paid. You hope never to use it.
The order that works for most families: an emergency fund for small shocks, health cover for medical bills, life cover if anyone depends on your income, then investing for growth.
Your next stepBuild your emergency fund first →