Sv Money:insurance% Communication Library

Health Insurance

Comes with a cost, with or without it

While health insurance can be very pricy, life will usually be pricier without it. Health problems arise at a moment's notice and can devastate even financially-sound individuals.

Be sure to take advantage of health insurance that is offered by your employer. It is a common benefit, with it being provided to around 65% of the workforce.

Research your health coverage and its restrictions. Even good coverage can have loopholes and leave you in a state of need at inconvenient times.

If necessary, check into coverage through the Affordable Care Act.

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.

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.