Can life be lived in parts, preparing for different things at different times? No, because life is an integrated whole. You need to plan simultaneously for all your future events and risks.
Comprehensive financial planning is the most effective way to ensure that your financial goals are met including protection from the financial risks. A proper financial plan in place channelizes your financial resources towards your financial goals in a systematic way. What elsewhere you get is piecemeal information, in a financial plan you get all as an integrated solution which is always better.
Your financial plan satisfies/achieves your financial life needs/goals, and increases your net worth at the same time. After the setting-up of your financial goals and assessment of your current financial position, financial planning develops and deploys strategies to protect your existing wealth, grow it further, use it to meet your life needs, and finally distribute/transfer it hassle-free to your next generation as per your wishes. It gives you value for your overall life in the form of financial freedom and peace!