Definition - What does Life Planning mean?
Life planning is professional advice or coaching that is provided to individuals who want to improve their finances or other aspects of their lives.
Insuranceopedia explains Life Planning
Life planning is offered by financial or lifestyle coaches. While these coaches provide financial advice, they can also counsel their clients on other aspects of their lives, such as family issues and career changes.
Life planning often involves purchasing insurance to protect oneself and one's family members from future financial difficulties. Insurance removes some financial uncertainties and helps individuals fulfill their life plans even after they experience certain challenging life events.