Not Just Another Bill: Why Insurance is Key to Your Financial Fulfillment

When it comes to building a solid financial foundation, most people think of budgeting, saving, investing, and maybe even retirement planning. But there's one area that often gets overlooked, especially by high-achieving women who are focused on purpose and productivity: insurance.

In the final installment of our "Strategies to Avoid the Top Five Money Mistakes" series, we’re tackling the mistake that could quietly cost you the most—not having enough insurance.

Insurance Isn’t Just a Bill. It’s a Foundation for Fulfillment.

If you’ve ever looked at your insurance premium and thought, "Do I really need this?" you're not alone. But here's a mindset shift: insurance is not just another bill—it’s a shield. It protects the blessings you’ve worked so hard to build and is a crucial part of financial fulfillment.

Insurance is one of the most practical, proactive ways to prepare for the unknown. It allows you to walk boldly in your calling without fear of the future. Scripture reminds us in Proverbs 31:25 that the virtuous woman "laughs without fear of the future." She can only do that because she’s prepared.

Protecting Your Net Worth with Liability Insurance

Let’s talk about liability. When your net worth grows, is your liability coverage keeping up? 

Too many women have home or auto insurance policies with outdated limits that don’t reflect the assets they now have.

For Example: If you’ve accumulated $1 million in assets, but only carry $300,000 in liability coverage. A major accident or lawsuit could wipe out what you've built.

The best solution would be to have an umbrella policy that extends your liability limits. It’s often affordable and provides powerful coverage and peace of mind.

The Money Story You’re Still Carrying

For many women, retirement feels heavy because of the money stories we grew up with. Maybe your parents struggled and you’ve carried that same scarcity mindset. Or maybe retirement wasn’t even talked about, so it became something “other people” prepared for.

But here’s the truth: your past doesn’t disqualify your future.

You don’t have to wait until you “have it all together” to begin planning. Retirement doesn’t require perfection, it requires intention. And it’s never too late to start building the life you want to live later.

We’ve walked with women in their 30s, 40s, 50s, even 60s who decided to take back their narrative. Not with panic, but with purpose.

Health Insurance: Honoring the Temple

Your body is the vessel God uses for your calling. That means your health deserves safeguarding as well. Even if you're young and healthy, unexpected illnesses or accidents can derail your finances.

Consider obtaining:

• A plan with low deductibles if you use medical care often.

• A high-deductible plan with an HSA if you rarely go to the doctor.

Either way, health insurance is not optional, it's obedience in action.

Disability Insurance: Protecting Your Greatest Asset

Your greatest asset isn’t your house, your car, or even your investments. It’s your ability to earn income.

More than 1 in 4 of today’s 20-year-olds will be disabled for a year or more before retirement. Yet disability insurance is one of the least-discussed forms of protection.

Short-term disability covers income loss for a few months. Long-term disability can support you for years. Without it, a single diagnosis or accident could put your finances in jeopardy.

Homeowner’s Insurance: Safeguarding Your Sanctuary

Your home isn’t just a financial asset. It’s your place of rest, family, ministry, and service.

Ask yourself:

• Does your policy cover replacement value or actual cash value?

• Have you updated your coverage to reflect increases in home value?

• Are valuable items like jewelry or heirlooms fully protected?

Auto Insurance: Protecting Your Purpose in Motion

Your car takes you to work, worship, and wherever God calls you. If it’s underinsured, an accident could become more than an inconvenience, it could be a financial crisis.

It’s important to have:

• Collision and comprehensive coverage

• Uninsured/underinsured motorist protection

• Medical payment coverage

Life Insurance: Leaving a Legacy

Life insurance isn’t just for parents or married couples. It’s for anyone who wants to steward their influence well.

Life insurance can be used to replace your income, eliminate debt, fund education for children or nieces and nephews and support causes you love.

Even a small policy can make a big impact when it comes to leaving a legacy of wisdom, generosity, and provision.

How to Review Your Coverage

If you’re not sure where to begin, start by asking the following questions:

• What does this policy cover (perils, people, places)?

• Is the amount of coverage aligned with my assets and lifestyle?

• Are there exclusions I need to be aware of?

Insurance isn’t about preparing for disaster. It’s about stewarding your life, resources, and responsibilities with discernment. We recommend reviewing your insurance annually and after any major life event (marriage, new job, new home, new baby).

As Proverbs 15:22 says, "Plans fail for lack of counsel, but with many advisers, they succeed."

Whether you’re reviewing your coverage for the first time or updating an old policy, remember:

You were not created to live in fear, but in faith and foresight.

If today’s message stirred something in you, your next step is simple: clarity. 

Click here to download Your First Step to Financial Fulfillment, our free audio experience designed to help you align your money with your God-given vision. Because your financial protection isn’t just about today, it’s about building a legacy that endures.