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As it’s impossible for an ordinary person to cover all aspect of life with insurance, you should consider the following ones as essential insurance policies:

  • Life insurance – The first thing to understand is that with this money you can help your beloved ones that are left behind you. It’s not just covering funeral expenses, but also providing your dependent family members with financial support.
  • Health Insurance – Unfortunately, finance of most people can’t recover from serious health care spending. This means that you can simply bankrupt paying all medical bills. So, it’s better to invest in your health yourself in advance.
  • Auto Insurance – With a great amount of vehicles the number of car accidents is increasing. So, despite your confident driving, it’s better to protect yourself and your finance.

Along with these basic insurance policies, you can also think about long-term disability coverage, business insurance, etc. If you have not enough funds, be sure to pay the policies from the list.