Health insurance is arguably the most important type of insurance. A 2016 Kaiser Family Foundation/New York Times survey found that one in five people with medical bills filed for bankruptcy. With a stat like this, investing in health insurance can help you prevent a significant financial hardship.
Which insurance is the most important and why?
Health insurance is the single most important type of insurance you'll ever buy. That's because if you don't have health insurance and something goes wrong, it's not just your money at risk -- it's your life.
Which insurances are the most important?
The Bottom Line\n\n Most experts agree that life, health, long-term disability, and auto insurance are the four types of insurance you must have.
What are the three most important types of insurance?
Then we examine in greater detail the three most important types of insurance: property, liability, and life.
Which type of insurance is best?
Term insurance is the purest and most affordable among the types of insurance policy in which, you can opt for a high life cover for a specific period.