Related Articles
What Kind of Insurance Is Right for Me? Read
on to learn more
There are many different types of insurance and many different
insurers. Making the right choice is important so extensive
research is a must before you sign on any dotted line.
Health/Medicare and Dental –
The rising cost of medical care and the pressure on health
and medicare insurance premiums makes them a top priority.
There are essentially two types of insurance – fee
for service and managed care. The two plans differ from
each other but each cover an array of medical expenses,
prescriptions. Some even cover dental. Medicare insurance
has some variations.
Auto – Auto insurance protects
you against financial loss if you have an accident. It is
a contract between you and the insurance company. You agree
to pay the premium and the insurance company agrees to pay
your losses as defined in your policy. Auto insurance provides
property, liability and medical coverage.
Term life - Insurance should
be part of your long-term financial planning. While you
may not like to think about it, your death can be costly
to your loved ones. There will be funeral and burial costs,
estate taxes and outstanding debts to pay, such as medical
expenses not covered by health insurance. If you have children,
they will have to settle the costs while no longer having
your income to depend on. Therefore, the proceeds from a
life insurance policy can be a great help.
Home - Homeowners insurance provides
financial protection against disasters. Most available policies
insure the home and the things you keep in it. Homeowners
insurance is a package policy. This means that it covers
both damage to your property and your liability or legal
responsibility for any injuries and property damage you
or members of your family cause to other people.
Close
Window
