Depends on your current life stage, your assets, and your long-term objectives and responsibilities. That’s why it’s so important to talk to your agent about what you want from your policy.
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A solid approach to financial management is to select the appropriate insurance products. It will assist you in maintaining financial security even in the event of a covered loss.
In order to assist in strengthening the financial system, the federal government established the Federal Deposit Insurance Corporation (FDIC) in 1933.
In the event of a bank failure, deposits will be refunded by FDIC insurance. No matter what happens to a bank, your money is safe with an FDIC-insured institution (up to $250,000 per depositor per institution).
A type of auto insurance for those who finance their purchase is known as guaranteed auto protection (or “gap” insurance).
Gap insurance will pay off any loan balance that isn’t covered by standard auto insurance if you take out a loan to buy a car and something happens to it. Some lenders require gap insurance from their borrowers.
