Life Insurance

Most People need life insurance. To figure out if you need life insurance, you need to think through the worst-case scenario. If you are not there tomorrow, how would your loved ones fare financially?Would they have the money to pay for your final expenses (e.g., funeral costs, medical bills, taxes, debts, lawyers fees, etc.)? Would they be able to meet ongoing living expenses like the rent or mortgage, food, clothing, transportation costs, healthcare, etc? What about long-range financial goals? Without your contribution to the household, would your surviving spouse be able to save enough money to put the kids through college or retire comfortably?The truth is, its always a struggle when you lose someone you love. But your emotional struggles dont need to be compounded by financial difficulties. Life insurance helps make sure that the people you care about will be provided for financially, even if youre not there to care for them yourself.To help you understand how life insurance might apply to your particular situation, weve outlined a number of different scenarios below. So whether youre young or old, married or single, have children or dont, take a moment to consider how life insurance might fit into your financial plans.

Health Insurance

Health insurance is insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care and health system expenses among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is available to pay for the health care benefits specified in the insurance agreement. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity.

Personal Accident Insurance

Personal accident insurance supplements are a form of injury insurance that can be used with any licensed doctor, emergency room, clinic, or urgent care facility.Supplements are not insurance but a indemnity that pays a predetermined amount which is called the policy face value. The primary purpose of indemnity plans is compensation for a financial loss. That financial loss is the doctor or hospital bill. So look at indemnitys as a form of compensation insurance. Savvy medical insurance consumers seek out this type of plan because they know whats actually paid upfront and people can select which areas of health care they want to insure. One area of health care thats important to insure is the emergency room

Home Insurance

Home insurance, also commonly called hazard insurance or homeowners insurance (often abbreviated in the real estate industry as HOI), is the type of property insurance that covers private homes. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to ones home, its contents, loss of its use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory. It requires that at least one of the named insureds occupies the home. The dwelling policy (DP) is similar, but used for residences that dont qualify for various reasons, such as vacancy/non-occupancy, seasonal/secondary residence, or age.

Motor Insurance

Motor insurance (also known as auto insurance, GAP insurance, car insurance, or vehicle insurance) is insurance purchased for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom. The specific terms of vehicle insurance vary with legal regulations in each region. To a lesser degree vehicle insurance may additionally offer financial protection against theft of the vehicle and possibly damage to the vehicle, sustained from things other than traffic collisions.

Travel Insurance

Travel insurance is insurance that is intended to cover medical expenses, financial default of travel suppliers, and other losses incurred while traveling, either within ones own country, or internationally. Temporary travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a "multi-trip" policy can cover an unlimited number of trips within a set time frame. Coverage varies, and can be purchased to include higher risk items such as "winter sports".

The most common risks that are covered by travel insurance are:

    Medical emergency (accident or sickness)

1.     Emergency evacuation
2.     Repatriation of remains
3.     Return of a minor
4.     Trip cancellation
5.     Trip interruption
6.     Accidental death, injury or disablement benefit
7.     Overseas funeral expenses
8.     Lost, stolen or damaged baggage, personal effects or travel documents
9.     Delayed baggage (and emergency replacement of essential items)
10.     Flight connection was missed due to airline schedule
11.     Travel delays due to weather