| Since no individual can accurately predict the | | | | Whole life coverage is basically a term life policy in |
| future, it can be a wise and sound option to | | | | addition to some sort of savings plan. You pay |
| hedge yourself from financial ruin. One of the | | | | your monthly premium, which is higher than a |
| easiest ways to do this is to purchase insurance. | | | | term policy, but a portion of your premium is set |
| There are many types of insurance policies, one | | | | aside into a savings account. Typically these |
| for each potential catastrophe. Some of the more | | | | savings vehicles are a mutual fund. AD&D is |
| common forms are life, auto, health, marine, | | | | often what employers will provide their |
| accidental death and earthquake insurance. Within | | | | employees at no cost. It is a policy where the |
| these types of insurance there are sub-categories | | | | beneficiary is paid only when the policy holder dies |
| for specific insurance protection. There is an | | | | or loses one or more appendages within the |
| insurance category specific to your needs. While | | | | policy's strict guidelines. It is not a standard term |
| there are many carriers for insurance, there are | | | | policy. |
| equal amounts of premiums. Researching before | | | | Other common types of insurance policies are |
| you purchase a policy can find you the best | | | | health insurance, auto insurance and marine |
| coverage for your need as well as the best price | | | | insurance. Health care coverage comes in a |
| for your budget. | | | | variety of plans. You can have low deductibles |
| Within the life assurance category, you will find | | | | with higher co-pays or high deductibles with low |
| options such as term life, whole life and accidental | | | | co-pays. There are many options among health |
| death and dismemberment (AD&D) policies. | | | | care insurance and there is certain to be one that |
| Term life is a straight life insurance policy. You | | | | will meet your individual budget. Auto and marine |
| purchase the policy at a certain age and typically | | | | insurance are straight forward. Auto insurance |
| the premium remains the same as long as you | | | | covers your motor vehicles while marine covers |
| keep it current. You will pay a monthly premium | | | | your watercraft. |
| which when you stop paying, the policy expires. | | | | |