LIFE INSURANC pays out a LUMP SUM when you DIE or are DIAGNOSED with a terminal illness, which can be reinvested to PROVIDE your family with an INCOME. It can also be used to SETTLE debt, cover estate duty costs and even funeral expenses.
FUNERAL INSURANCE pays a specified amount of money in the event of a death, ensuring that the COSTS of a FUNERAL will be covered so that family members do not have to STRUGGLE financially at this difficult time.
CREDIT LIFE INSURANCE is an insurance product specifically designed to cover the cost of your DEBT if you aren't able to pay it back due to disability, unemployment or death.
HEALTH INSURANCE is a type of insurance coverage that pays for MEDICAL, SURGICAL, and sometimes DENTAL expenses incurred by the insured. Health insurance can reimburse the insured for expenses incurred from ILLNESS or INJURY, or pay the care provider directly.
VEHICLE INSURANCE is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide FINANCIAL PROTECTION against physical damage or bodily injury resulting from traffic collisions and against LIABILITY that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial PROTECTION against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary OBJECTS.
PROPERTY INSURANCE is made up of coverages that may help pay to repair or replace your home and belongings if they are DAMAGED by certain perils, such as fire or theft. It may also help COVER COSTS if you accidentally damage another person's property or if a visitor is injured at your home.
HOUSEHOLD INSURANCE relates to movable POSSESSIONS such as furniture and electrical appliances. This type of insurance COVERS a RANGE of contingencies, including, but not always limited to, theft, acts of nature (such as lightning, storm, flood or snow) as well as DAMAGES caused by fire, power surges and subsidence.
A LAST WILL and TESTAMENT is a legal document that communicates your FINAL WISHES pertaining to assets and DEPENDANTS. A person's last will and testament OUTLINE what to do with possessions, whether the deceased will leave them to another person, a group or donate them to charity, and what HAPPENS to other things he or she is responsible for, such as custody of dependents, and management of accounts and INTERESTS.
A person WRITES a will while he or she is alive, and its INSTRUCTIONS are carried out once the individual dies. A will name a still-living person as the EXECUTOR of the estate, and that person is RESPONSIBLE for administering the estate.