8 Types of Insurance You Need Now, According to George Kamel

Core Insights - The article emphasizes the importance of including adequate insurance in financial planning to protect oneself and family from potential risks [1] Group 1: Types of Insurance - Auto insurance is legally required in most states, with recommendations for liability, collision, and comprehensive coverage [3][4] - Health insurance is crucial for managing healthcare costs, with a recommendation for high-deductible plans for those with emergency savings [5][6] - Term life insurance is advised for individuals with dependents, suggesting coverage of 10 to 12 times annual income for a term of 15 to 20 years [7][8]