Life. Life insurance is a great insurance to get because it protects your loved ones should you pass away, especially if that happens prematurely. However, in many instances, choosing life insurance can be difficult. There is whole, term, etc. and know which one to get, as well as how much coverage is difficult. The best suggestion would be to get the insurance that best fits your budget now and in the future. Paying for life insurance is only effective if you keep paying for it. So, choose a plan that you can afford. Even if you really should have $500,000 of coverage, if you can only realistically afford $300,000 right now, then get that and add to your coverage when you can afford more. Talk to a reputable life insurance sales person, as this will make the biggest difference in whether or not you get good insurance, a good price, and the right coverage for you.

Disability. This insurance pays an insured person an income when they are unable to work because of an accident or illness. This is a great insurance to have as it helps you to continue getting money when the unexpected happens. However, if you are tight on funds, and don't have room in your budget for more premiums, health, auto, etc. are better insurance choices. Disability insurance covers a certain percentage of your income. If you were to tear your ACL for example, and could not work for a month because of it, then your disability insurance would kick in and help you make ends meet in the mean time.

Property casualty. This is insurance that covers accidents etc. that harm your property. This means if your home floods, it covers the cost of damage repair. This is great insurance to have, and usually has a liability clause with it so if someone gets hurt using your property, or on it, and sues you, it is covered by the insurance as well.

Auto. It is required by law to have auto insurance, but that does not mean you have the right coverage. When getting auto insurance, make sure you get the coverage that best fits you, your driving history, and your needs. If your car is a junker, you may not want to cover it as much as you would a brand new car.

Health. There are varying degrees of health insurance, but they all basically offer similar things. A deductible that must be met. A percentage you pay. Set fees for office visits, etc. Some cover more than others, some have maximum out of pocket expenses, set amounts for particular procedures, etc. No matter what, health insurance is a critical insurance coverage to get. It is expensive if you are not part of a group policy, but the cost to not have insurance is much more.

Long term care. This is insurance that helps cover the cost of long term care when you are elderly, or should an unforeseen event occur that would require you to need long term care. This insurance can be very expensive, and is only a wise decision to get if you can afford it.