It is true that insurance is the defense for managing money because it ensures that your money is efficiently utilized even in your absence.
Insurance refers to a means of indemnity against a future occurrence of an uncertain event such as an accident, death, robbery etc.
Insurance is a way to protect one's assets from getting lost when faced with unforeseen circumstances.
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Therefore, it is true that insurance is the defense for managing money because it ensures that your money is efficiently utilized even in your absence.
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