After my husband got sick from an unknown disease, we decided to protect ourselves by obtaining an insurance policy for us both and placing our daughter as our irrevocable beneficiary. I could say that health insurance is a means of protecting ourselves financially from future unforeseen diseases to which our finances would not be enough to cover the expenses.
We do have a small business and we also took a business insurance for it too. It is also a means of protecting our loved ones by not binding them for future obligation that the business will incur.
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3 years ago