Health insurance: This type of insurance covers the cost of medical treatment, including doctor visits, hospitalization, and prescription medication. Health insurance can be purchased privately or provided through an Employer. 2. Life insurance: Life insurance provides financial support to beneficiaries in the event of the policyholder's death. The policyholder pays premiums in exchange for a death benefit, which can be used to cover funeral expenses, pay off debts, or provide ongoing financial support for loved ones. 3. Auto insurance: Auto insurance protects drivers from financial losses due to accidents, theft, or damage to their vehicles. It can also cover liability if the policyholder is found responsible for an accident that causes property damage or injury to others. 4. Home Owners insurance: Homeowners insurance provides coverage for damage or loss to a policyholder's home and personal property. It also provides liability coverage in case someone is injured on the policyholder's property. 5. Disability insurance: Disability insurance provides income replacement if the policyholder is unable to work due to a disability. It can be purchased privately or provided through an employer.