That your beneficiaries, such as a spouse or children, will receive a sum of money in the event of your death. In return, you pay expenses during your lifetime.
Life insurance can be divided into two main categories. You are covered by term life insurance for a predetermined amount of time, like 10 to 20 years.
Your heirs will be paid if you pass away during that time. As long as you keep paying the premiums, permanent life insurance covers you for the rest of your life.
Travel Insurance Trip cancellations and delays, emergency medical care, injuries and evacuations, damaged baggage, rental cars, and rental homes are all covered by travel insurance.
What Is Coverage?
Financial risks can be managed with insurance. Insurance provides protection against unanticipated financial losses.
If something bad happens, the insurance company will pay you or whoever you choose.
If an accident occurs and you do not have insurance, you may be liable for all costs associated with it.
