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Protecting the people you love most is always important. If something were to happen to you, how would they pay the bills, keep food on the table, and make ends meet? Personal policies can help, but there’s more to the coverage than simply selecting the best life insurance policy. Believe it or not, personal insurance is an umbrella term for different types of coverage designed to protect your loved ones financially. Here’s what you need to know.

What Is Personal Insurance?

Personal InsurancePersonal insurance refers to types of insurance policies designed to provide funds for your family should something happen to you. Life insurance is by far the most common and provides a payout should you pass away unexpectedly. Your family would be able to use the funds for whatever purpose they see fit, whether that’s covering medical expenses and funeral costs or paying the mortgage so they can stay in the family home.

Though life insurance is the most common form of personal coverage, it’s far from the only one. Permanent disability insurance provides you with a lump sum payment should you be rendered permanently disabled and unable to work. Critical illness insurance helps cover the cost of medical bills on top of your health insurance coverage for serious health conditions. Income protection insurance helps replace up to 75% of your income if you’re ill or injured until you can return to work. Though each policy can further protect your family, it’s best to speak with an insurance agent to see if the coverage is in your best interests.

Why Invest in Personal Insurance?

These insurance policies were created to help protect your family’s financial future. Investing in even the most basic life insurance coverage can help reduce the burden of unexpected bills during an already tough time. By investing in complete coverage, you’ll protect your family as thoroughly as possible.

 

Interested in purchasing personal insurance to protect your loved ones? Contact Mutual Underwriters – Honolulu in Honolulu, HI. Their experienced insurance agents will help you find the best coverage for your needs and your budget. They’ll get to know you and your unique situation to find a policy that meets your coverage needs completely, whether you’re looking for auto insurance or want to update your life insurance coverage. Learn more online and call (808) 532-2888 for a free insurance quote today.

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