Although life insurance is at its best when you have a family to continue providing for after your death, there are other life situations in which it can come in handy. For instance, having a policy can provide the money family will need to cover your burial expenses.
Car insurance policies formally came into existence in Buffalo, New York. In February 1898, Dr. Truman Martin purchased the first formally acknowledged car insurance policy.
When it comes to choosing the best types of insurance policies for your business, there are several variables that you need to consider. These include your business structure, business activities, location, and whether you have employees.
Do you own a small business? Would your small business collapse without you there? You can take out a life insurance policy to benefit your business partner. If you were to pass away, he or she could buy out your portion of the business and keep it running.
Some auto insurance companies may offer group insurance discounts. Auto insurance companies may also offer discounts for low mileage drivers, or certain vehicular safety features.
While employer-provided life insurance policies can be incredibly affordable, they won’t come with you when you leave the company. If you’d like every dollar of your premiums to help you build towards something, it’s time to consider your outside options for whole life insurance.
