What type of insurance should you choose?

Most experts agree that the four types of insurance you should have are the four types of life insurance, health insurance, long-term disability insurance, and car insurance. Employer coverage is usually the best option, but if it's not available, get quotes from several providers, as many offer discounts if you buy more than one type of coverage. These allow you to switch to permanent insurance without needing a medical exam in exchange for higher premiums. Some fixed-term insurance policies can be renewed at the end of the policy, but the premium will generally increase.