This beginner-friendly guide demystifies life insurance, health insurance, and car insurance. Learn the key policy types, what affects premiums and deductibles, and how to compare coverage to match your budget and risks.

Insurance protects your family, finances, and wheels, but policies vary widely. This overview compares life insurance, health insurance, and car insurance, explaining what they cover, how costs are set, and what to weigh when choosing.

Life insurance provides a tax-advantaged death benefit for your beneficiaries. Choose between term (affordable, time-limited) and permanent (cash value, lifelong) coverage, and size it to debts, income replacement, and future goals.

Health insurance helps pay for care, but look beyond the monthly premiums. Compare deductibles, co-pays, coinsurance, network breadth, prescription tiers, and the out-of-pocket maximum; HSAs pair well with high-deductible plans if you can save.

Car insurance is built from components: liability (often legally required), collision, comprehensive, uninsured/underinsured motorist, and medical payments. Shop quotes, ask about discounts, consider higher deductibles, and bundle only if it truly saves.