Financial security is a goal that most individuals strive for throughout their lives. It involves having enough resources to meet current needs, withstand unexpected financial shocks, and achieve long-term goals such as education, retirement, and homeownership. One of the most critical tools for achieving financial security is insurance. While some people view insurance as an optional expense, it plays a vital role in protecting individuals and families from unforeseen events that could otherwise cause severe financial hardship. Understanding the Concept of Insurance Insurance is a financial product designed to provide protection against specific risks. In exchange for regular payments known…