There are many types of insurance policies. The most basic types of policies, of course, are for life, health, and transportation. Below, I will cover these basics.
Health insurance is arguably the most important type of insurance to have. Most health insurance companies offer a variety of plans to suit your needs. Some plans have network restrictions that require you to first obtain a primary care doctor’s recommendation before seeing a specialist. Others may or may not include prescription drug discounts, which is an important consideration.
For those in need, all 50 states offer free or low-cost health coverage programs that may include vision and dental care. There enrollment requirements are largely determined by a person’s income level. Additionally, there are many free and low-cost clinics that offer healthcare to local residents and still other clinics that specialize in vision and dental care.
If you happen to be a veteran without healthcare, I have provided a link below where you can contact a regional VA healthcare center and ask about enrolling in one of their plans.
Life insurance may be purchased to protect you against unforeseen life events, such as death, but does not necessarily require death to take advantage of it. It can include a savings portion that can be withdrawn before death. This depends on the policy. Some companies charge a lower premium after a certain age, which makes this kind of insurance even more affordable.
In all fifty states of the U.S.A., drivers are required to have some form of liability insurance or proof of financial responsibly, meaning they can pay the costs of an accident that the required insurance would cover. Driving without liability insurance can lead to stiff penalties and fines, depending on the state and circumstances. More still, how you drive your vehicle can affect your premium. Some auto insurance companies offer good driver discounts. Conversely, poor driving habits can mean higher premiums and even worse, loss of insurance.
Like most people, you are probably familiar with the above insurance plans. However, too many people do without insurance even when they know the risks. Do yourself a favor and take the time to research these kinds of insurance plans in your state. Don’t let your finances have you thinking that basic health coverage is beyond your reach. As I stated before, every state has affordable health programs for those in need, including VA healthcare for veterans. Therefore, at the least, contact your state’s health department about enrolling in their healthcare program.
Healthcare for Veterans: http://www.vba.va.gov/VBA/benefits/offices.asp