Financial Gym does not include all financial companies or all available financial offers. The compensation Financial Gym receives may impact how and where links appear on this site. This site for Financial Gym is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as. Insurance companies are able to pool the payments of large groups of clients, some of whom will experience insurance-covered losses and some who will not, and therefore are able to offer reasonable rates to cover what can be enormous expenses.
Disability insurance protects us against the loss of our salaries if we experience illness or injury. Rental insurance protects us against loss or damage of theft of our property. Health insurance protects us against large medical bills or the risk of not being able to afford care. The types of policies vary widely but they all protect us from big financial hits that are hard for individuals to face alone.
It allows us to pay into policies incrementally so that we are protected against future risks. Insurance protects us from big financial losses.
