Insurance Planning 2025: Protect Your Life, Health & Business
Insurance protects against financial shocks. In 2025, clear coverage decisions and smart premium management ensure you’re protected without overpaying. Below are key considerations and actionable steps.
1. Life insurance: term vs permanent
Term insurance is simple and low-cost for income replacement. Permanent policies add cash value but are more expensive—choose based on long-term financial plans.
2. Health insurance essentials
Prioritize adequate network coverage, out-of-pocket maximums, and preventive care. Compare plan deductibles and co-insurance to find the best fit for expected medical needs.
3. Business insurance every owner should consider
- General liability
- Professional liability (errors & omissions)
- Property insurance for equipment and inventory
- Business interruption coverage
- Key person insurance for critical founders
Pro Tip: Keep a scanned copy of your policies and claim documents in a secure, accessible location to speed up claim processing.
6. Filing a successful claim
- Report quickly and document everything (photos, receipts)
- Follow insurer instructions and provide complete paperwork
- Be persistent but professional during claim follow-up