lovely get her insurance of life .what type of insurance is this
Answers
Explanation:
Most experts agree that life, health, long-term disability, and auto insurance are the four types of insurance you must have.
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Answer:
Life insurance
Explanation:
Insurance Policies
In life, unplanned expenses are a bitter truth. Even when you think that you are financially secure, a sudden or unforeseen expenditure can significantly hamper this security. Depending on the extent of the emergency, such instances may also leave you debt-ridden.
While you cannot plan ahead for contingencies arising from such incidents, insurance policies offer a semblance of support to minimise financial liability from unforeseen occurrences.
There is a wide range of insurance policies, each aimed at safeguarding certain aspects of your health or assets.
Broadly, there are 8 types of insurance, namely:
Life Insurance
Motor insurance
Health insurance
Travel insurance
Property insurance
Mobile insurance
Cycle insurance
Bite-size insurance
Simply knowing the various insurance policies does not help. Instead, you must know how each of these plans work.
Without adequate knowledge about each of them, you may not be able to protect your finances, as well as the financial well-being of your family members. Read on to learn all you need to know about the various insurance policies.
1. Life Insurance
Life Insurance refers to a policy or cover whereby the policyholder can ensure financial freedom for his/her family members after death. Suppose you are the sole earning member in your family, supporting your spouse and children.
In such an event, your death would financially devastate the whole family. Life insurance policies ensure that such a thing does not happen by providing financial assistance to your family in the event of your passing.