Basic life insurance 3 types of insurance that should be in your life insurance plan:

Home insurance This policy covers loss of life or property in your residence. Life insurance is an important part of your life insurance plan. This is an insurance policy that ensures the financial support of your family members after the death of you. Life insurance covers the cost of funeral costs, settlement in case of divorce, and children’s education. Health insurance This policy pays a monthly premium which is a compulsory for all the insured persons. Health insurance covers health expenses. This can be a health insurance policy that covers health expenses for a specific term or a health insurance policy that extends health insurance cover for a specified period. Retirement savings insurance This is an insurance policy that is meant for the retirees who don’t have any pension plan or pension income. It also extends the retirement savings account benefits. Insurance that lets you stay covered for pre-existing conditions.

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