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Protect The Future

The document discusses different types of insurance including health, home, auto, life, and travel insurance. It defines insurance as a contract where a policyholder receives financial protection or reimbursement against losses from an insurance company. The key types of insurance covered are health insurance which helps with medical costs, home insurance which protects your home and possessions, auto insurance which protects your vehicle investment, life insurance which provides funds to beneficiaries when the insured passes away, and travel insurance which covers costs and losses while traveling domestically or abroad. Overall, insurance is described as a way to manage risk by gaining protection from unexpected financial losses through an insurance policy.

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Sean Felix
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24 views2 pages

Protect The Future

The document discusses different types of insurance including health, home, auto, life, and travel insurance. It defines insurance as a contract where a policyholder receives financial protection or reimbursement against losses from an insurance company. The key types of insurance covered are health insurance which helps with medical costs, home insurance which protects your home and possessions, auto insurance which protects your vehicle investment, life insurance which provides funds to beneficiaries when the insured passes away, and travel insurance which covers costs and losses while traveling domestically or abroad. Overall, insurance is described as a way to manage risk by gaining protection from unexpected financial losses through an insurance policy.

Uploaded by

Sean Felix
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Protect the future

Following the plan of action, you will reach a time when you have a steady flow of income, both from
your work and your investments. You know how to budget things, so you can address your needs and
enjoy some luxury. You also have a savings or emergency account, just in case something really bad
happens, but your developing family or lifestyle might render that emergency account incapable of
covering them all. Thus, you need to have an insurance for your health in case you have an accident or a
sickness—a life=insurance, so that your family can receive a large financial aid in case you leave them in
this life unexpectedly, and an insurance or plan for your assets or belongings. Again, research in
necessary to avoid for falling for fake insurances. Remember you are doing mainly for your family, so
that they will not be financially burdened incase something happens to you.

You need to have insurance for your health in case you have an accident or a sickness-a life-insurance,
so that your family can receive a large financial aid in case you leave them in this life unexpectedly, and
an insurance or plan for your assets or belongings. Again, research is necessary to avoid falling for fake
insurance Remember that you are doing this mainly for your family, so that they will not be financially
burdened in case something happens to you.

What Is Insurance?
Most people have some kind of insurance: for their car, their house, or even
their life. Yet most of us don’t stop to think too much about what insurance is
or how it works.

Put simply, insurance is a contract, represented by a policy, in which a


policyholder receives financial protection or reimbursement against losses
from an insurance company.
Health Insurance
With regard to health insurance, people who have chronic health issues or
need regular medical attention should look for policies with lower deductibles.

Home Insurance
Homeowners insurance (also known as home insurance) protects your home
and possessions against damage or theft. 
Auto Insurance
When you buy or lease a car, it’s important to protect that investment. Getting
auto insurance can offer reassurance in case you’re involved in an accident
or the vehicle is stolen, vandalized, or damaged by a natural disaster.

Life Insurance
Life insurance is a contract between an insurer and a policy owner. A life
insurance policy guarantees that the insurer pays a sum of money to named
beneficiaries when the insured dies in exchange for the premiums paid by the
policyholder during their lifetime.

Travel Insurance
Travel insurance is a type of insurance that covers the costs and losses
domestically or abroad.

What is insurance?
Insurance is a way to manage your risk. When you buy insurance, you
purchase protection against unexpected financial losses. The insurance
company pays you or someone you choose if something bad happens to you.
If you have no insurance and an accident happens, you may be responsible
for all related costs.1

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