Accident Insurance - Individual, Group or Voluntary Plans (Employer not paying anything). These plans can pay a flat dollar amount when an accident occurs or could be an accident only disability insurance policy.

Auto Insurance - If you drive a car, you need to buy insurance. In many areas, it's mandated by law, and in any case, its worth protecting yourself against the high costs of accidents. Learn about the different policy types, liability, filing claims, and reducing your premiums in order to find the insurance policy that's right for you.

Cancer Policy Group or Voluntary Plans (Employer not contributing) - Pays a flat dollar amount when diagnosed with Cancer and may money towards routine cancer screenings for prostate, mammograms, etc.

College Student Medical and Health Insurance Individual medical coverage - Pays for medical care while in college and may extend coverage after graduation.

Critical Illness Group or Voluntary Plans (Employer not contributing) - Pays a flat dollar amount when diagnosed with an illness which will help off-set expenses incurred that may or may not be covered under a medical plan, such as bills, transportation, etc.

Dental Insurance -  Individual, Group and Voluntary (Employer not paying anything), Discount Plans. Most policies pay for preventive (exams), basic (fillings) and major (crowns/bridges). Pays a percentage and specified dollar amount for dentistry. Sometimes, a policy will pay for orthodontics and some policies have waiting periods before they will pay benefits for basic and major coverage.

Disability Insurance that can be purchased by an individual or provided by an employer. It pays a fixed amount, often 60 percent or 70 percent of the employee’s salary, if the employee becomes disabled and unable to work. If an individual pays the premium for disability insurance, then future disability payments are tax free. However, if an employer pays for disability insurance, then the disability payments are taxed. Individuals, Group, Short Term Disability, Long Term Disability, Voluntary (Employer not paying anything) Disability. Pays a percentage of income when unable to work, due to an illness or injury. Similar to life insurance, premiums are based upon the age the policy is taken out.

Group Insurance - Insurance which is issued to a group, such as an employer, credit union, or trade association, and which provides coverage for individuals and sometimes their dependents.

Homeowner's Insurance - Experts say that even if a mortgage is paid off, homeowner's insurance is still a good buy.

Hospital Confinement Group or Voluntary Plans (Employer not contributing) and sometimes individual. Pays when you are hospitalized.

Individual Insurance - Insurance purchased on an individual basis, covering only one person or, in some cases, members of his or her family as well.

International or Travel Medical or Life Insurance Individual or Group. Pays for medical care away from home or outside the US. May provide for emergency evacuation, translation of bills and interpreter services, etc.

Life Insurance. A protection against the loss of income that would result if the insured passed away. The named beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the death of the insured. Individuals, Group, Voluntary, Term (for a specified number of years), Whole and Universal Life (Permanent Insurance with interest paid and cash value to take loans) and Universal Life (more investment opportunity): Pays a designated beneficiary at time of death and premiums are based upon the age of the individual when the policy is taken out.

Long Term Care Long-term care (LTC) insurance provides for a person's care in cases of chronic illness or disability. Policies for LTC provide insurance coverage for times when an individual cannot independently manage the essential activities of daily living (ADLs). These are universally known as feeding, dressing, bathing, toileting, and walking, as well as moving oneself from a bed to a chair (transferring). However, disabilities are not confined to these physical situations; they can be mental as well. The key element is that they limit the individual's ability to perform any of these functions. Individual, Group or Voluntary Plans (Employer not contributing). Pays when care is required at home or in a nursing home. Many options available.

Medical and Health Insurance Individual, Group, Health Savings Accounts (HSA’s), Health Reimbursement Arrangements (HRA’s), Self-Funded. Coverage when people go to the doctor, hospital and pharmacy.

Medicare Supplement Individual, Group, Retiree Benefits or Voluntary Plans (Employer not contributing). Pays at age 65 (could be younger or older depending on circumstances) and enrolled in Part A and purchased Part B of Medicare. It wraps around Medicare benefits.

Pet Insurance Individual and Group Voluntary Plans (Employer not contributing). Pays for medical care for your pet.

Pre-paid Legal Individual, Group, or Voluntary Plans (Employer not contributing). Pays for consulting and provides discounted fees for the legal profession.

Other Types of Insurance Think you have all the bases covered? Learn about other types of insurance, including renter's, liability, travel, car rental, mortgage protection, flight, extended warranty, and kidnap and ransom.

Short Term Medical and Health Insurance Individual temporary medical insurance up to 12 months of coverage. Pays for medical coverage for a specified period of time, used for people who are in a waiting period at work, between jobs or need temporary coverage.

Vision Insurance Discount Individuals Plans, Group and Voluntary (Employer not contributing). Pays a percentage or provides a discount for routine care, contacts, glasses and lasik surgery.