Life Planning
Updated: 29 February 2024
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.
Related Definitions
Related Terms
Related Articles
Top Commercial Insurance Feeds to Follow on Twitter
Insurance Self-Service Portal: The Future of Customer Experience
Blockchain’s Impact on Transforming the Insurance Landscape
What Every College Student Should Know About Renters Insurance
Guidance for Nurses: Five Essential HIPAA Compliance Tips
Insuring Your Financial Future: the Crucial Role of Accounting in Insurance
Related Reading
What Is Temporary Life Insurance?
Revealing the Most And Least Popular U.S. Insurance Companies
Texas is the state with most people killed by animals in the US
Life Insurance Statistics
How Long Do You Have To Have Life Insurance Before You Die?
Life Insurance Statistics