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Types of insurance to consider

Sunday, November 26, 2017
Beyond Payday

The greatest factor in having life insurance is providing for those you leave behind. It goes without saying that this is extremely important if we have loved ones who depend on our income to survive.

Experts suggest that a reasonable life insurance policy should cover roughly ten times your yearly income.

If you’re young, you may not think too much about life insurance, but you should at least have some. Of course, the older you get, the more important life insurance is—it’ll make things much easier on the ones you leave behind.

Ultimately, none of us can predict the out turn of our lives and it’s important to protect the wellbeing of those who we care about most.


Our health is perhaps our most valuable personal resource.

Having appropriate health insurance therefore, plays a key role in the event that we’re confronted with some major health care issue.

Quality health insurance will make sure you’re able to see a doctor when you’re sick, get a routine checkup, purchase prescription medication, or seek medical care in the case of an unexpected illness or an accident.

Fortunately, a number of employers offer Group health insurance plans that if available, an employee will do well to take part in

While having healthcare insurance can be expensive, not having it can be even more expensive.


You never know when a disaster will strike and you’ll need good coverage.

Insuring our property is a smart way to protect an asset that many of us work hard to acquire: a home.

Having some kind of property insurance  that protects your belongings in the event of a fire, burglary, weather event, or some other manmade or natural disaster is therefore critical.

Thus, making sure that you’re covered against the risk in your area, and that you’re not under-insured is vital.

Always consider the alternative

While purchasing insurance is important, and can certainly take a chunk out of your budget, being without it could lead to financial ruin.

Having the right type of coverage in the important areas of our life can create a wonderful safety net to ensure we live well beyond payday.



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