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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.