Many are simply unaware of the need for life insurance. Although many large companies provide life insurance as part of their benefits package, this coverage may be insufficient.
Everyone with a car needs car insurance. In fact, most states require it by law.
Homeowners insurance is essential. Not only will a good policy save you money in the event something happens to your home or belongings, but an insurance company can also help you with other matters, like making your home more resistant to natural disasters.
Having to spend your nest egg on long-term care, which can easily reach hundreds of thousands of dollars, depending on the quality and length of the care, is not what you’ve been saving for throughout your career. Long-term care insurance covers the cost of health care that extends long beyond a typical hospital stay and protects your savings in the process.