Question

Part of the foundation for financial planning is having an insured investment program. true or false

Answer 1

False. There is no such thing as an insured investment program, all investment plans have a certain risk that the investor is willing to take in order to make a profit. A life insurance plan usually combines both insurance protection and an investment plan.

Step-by-step explanation:

Comprehensive financial planning can involve many areas in order to help clients meet their goals and at the same time reduce risks, e.g. can include cash management, risk management, diversified investments, taxes, retirement accounts, group benefits, and estate planning.

Personal financial planning is not only useful for wealthy individuals, everyone can benefit from financial planning and start accumulating wealth.

Answer 2

I would think that the correct answer is true. Part of the foundation for financial planning is having an insured investment program. By doing so, you can give assurance to yourself about your plans. Hope this answers the question. Have a nice day.