Financial matters

Insurance is a concept that we don't like to discuss since it generally means something bad has to happen for insurance to pay out, however in essence insurance is all about offsetting the negative effects financially. I had never heard of term insurance before today, but this is like fixed-term life insurance for a pre-determined period of between five to thirty years. This can be effective for instance as cover for your children in the event of your own inability to provide for them until they will be old enough to be independent.
Although we don't like to contemplate it, being well insured shows a level of responsibility, although you should consider each policy very carefully to ensure that you are getting the best value for your investment.