Insurance FAQ
General Questions
Q: What is the purpose of insurance?
| Answer | Explanation |
|---|---|
| Insurance is a way to manage financial risk. | By transferring risk to another party, you get protection from financial loss. |
| What types of insurance are available? | Life, health, auto, home, and more! |
| How do I choose the right insurance? | Research and compare policies, consider your needs and budget. |
Learn more about different types of insurance.
Life Insurance
Q: What is life insurance?
| Answer | Description |
|---|---|
| Life insurance provides a tax-free death benefit for your loved ones. | A way to ensure they're taken care of when you're gone. |
| How does it work? | Pay premiums, get a payout when you pass on. |
| Is it worth it? | It's like buying a lottery ticket, but with less chance of winning. |
Learn more about whole life insurance.
Health Insurance
Q: What is health insurance?
| Answer | Description |
|---|---|
| Health insurance covers medical expenses and unexpected medical bills. | So, you won't go broke from doctor visits and surgeries. |
| How does it work? | Pay premiums, get coverage, pay less for medical care. |
| Is it worth it? | Think of it as buying a safety net for your health. |