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Explain the following: 1.Insurance, including all of the types of insurance and factors? Auto, including COLLISION, COMPREHENSIVE, LIABILITY Health Homeowners or renters (whichever applies to

Explain the following:

1.Insurance, including all of the types of insurance and factors?

  • Auto, includingCOLLISION, COMPREHENSIVE, LIABILITY
  • Health
  • Homeowners or renters (whichever applies to you)
  • Life (comparewholelife withtermlife and which do you think is better)

2.Investing, including all of the investment factors and Factors for each type of insurance below?

  • Insurance type
  • Type of loss covered
  • Likelihood that your financial health would be in jeopardy if the insured event occurs (consider the greatest type of event covered by each insurance - for example, your car is totaled). Where could you get a start at identifying values?
  • Likelihood that you and yourfamily may encounter this type of loss?
  • Is this type of insurance required by any aspect of Government, yourbank, or other legally binding requirement?
  • Why you should or should not purchase this type of insurance.

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