Sv Money:insurance% Communication Library

Life Insurance

Planning for a time of misfortune

There are two types of life insurance: term, which covers the insured for a specified period, such as 20 years; and whole life, which cover the insured for his/her life (if the premiums are paid).

Whole life insurance normally ends up being more expensive because it is a guaranteed payment and often has cash value.. Term life insurance costs less for the same amount of coverage but only during the specified period.

Don't try to put off buying life insurance until you get older. It gets more expensive and, if you have health problems, you may be uninsurable.

Types of Insurance

Important insurances to invest in

Health Insurance. Costly health problems can arise out of thin air. Make sure you have help paying for them.

Home Insurance. Since your home is such a heavy investment, make sure it is protected.

Auto Insurance. Auto accidents happen all of the time. Don't let them break the bank.

Life Insurance. Make the best out of the worst situation. It's never too soon to get coverage..

Auto Insurance

Advice about car ownership

Insurers judge your insurance rates by your various risks; your occupation, your credit score, your driving history, etc.

Shop around for the best deal on auto insurance. Plans differ in price and coverage, so choose your insurer wisely.

Ask for discounts from your insurer! Discounts will be given based on your driving record, other products that you buy from the insurer and alumni or other memberships.