Answer:
Insurance is an essential component of risk management and can provide protection against potential financial losses in the future. Health insurance is crucial to safeguarding one's physical and financial health. For instance, if I were to get a comprehensive health insurance policy, it would protect me from the financial burden of unexpected medical expenses. Disability insurance would also be crucial in the event of an accident or illness that renders me unable to work. It would provide me with financial support and protect my future income. Finally, I would consider getting property insurance to protect my assets, such as my home or car. With property insurance, I would have coverage for any potential losses, such as damages from natural disasters, theft, or other unforeseen events. By incorporating different types of insurance in my future financial planning, I can mitigate various types of risks and have greater peace of mind knowing that my future health and assets are protected.