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Insurance

  •  Purpose: replace lost income

  • Invest/provide future income

  • pay off major bills: home loan, auto loan

Life (needed when you have children)

Health(job benefits)

  • doctor visits

  • hospital

  • pharmacy/prescriptions.

Home

  • deductible: $500/$1000

  • liability coverage

Disability (very expensive)

  • Replaces lost income because you can no longer work.

Auto

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