The Different Kinds of Insurance and Why You Need Each

Does the word “insurance” make you want to run the opposite direction? That’s unfortunate because it’s one of life’s essentials. Here’s are the different kinds of insurance, explained in simple terms. 

Unlike most life essentials like food and water, you’d only see the value in insurance when the need arises. This is why people often discount its importance. But as many have already attested, insurance can help you cover high costs, save lives, and provide for your family.

Insurance has this basic premise: Pay a small amount now so you can be protected in the future—either from paying a huge amount or providing for your family.

It is a life essential. You just need to know what to buy, when to buy, and which company to buy it from.

Here are the different kinds of insurance that you may need.