Life insurance is a financial product that provides a payout to beneficiaries upon the policyholder's death. It offers financial security, covering expenses like funeral costs and debts. Policies can be term-based or whole life, with premiums varying based on age, health, and coverage amount.
Health insurance is a type of coverage that pays for medical expenses incurred by the insured. It can include hospital visits, surgeries, preventive care, and prescription medications. Policies vary in terms of coverage, premiums, and deductibles, and can be offered by employers or purchased individually.
Auto insurance protects against financial loss from vehicle accidents or theft. It includes liability, collision, and comprehensive coverage. Premiums vary based on driving history, vehicle type, and coverage levels, ensuring financial security for drivers.