There are so many types of insurance plans and riders in the market. So how do you determine which types are the ones that are most important to your financial protection? Here are 5 of the most essential coverages that one must possess: Death Insurance If you have started your own family, you will definitely know the importance of this. Upon one’s demise, it is important to leave sufficient money behind to ensure that the surviving family members continue to enjoy the same standard of living, to have the future that they were supposed to have, and not to be laden with debts left by the deceased. You can be financially protected against death by purchasing a life insurance policy, and supplementing it with a term insurance policy. One’s assets (cash, investments, CPF funds) will also contribute to the deceased’s estate, which will help in alleviating the family’s financial needs.