1Financial Portfolio Part FiveCollege of Humanities and Social Sciences, Grand Canyon UniversityFin-210: Personal Finance 2Financial Portfolio Part FiveTwo types of insurance people might need during life are life insurance when someone dies and homeowners insurance when someone purchases or rents a home. Life insurance is essential because it helps families manage emergencies when a loved one dies. Life insurance is something someone can get when they are in their 20s and can pay for it throughout multiple generations. For example, my great-grandma got her life insurance when my grandma was a young child and still pays for it even now and I am the fourth generation of my family. With my grandmas life insurance, her beneficiaries will be able to take care of her funeral expenses and the debt she might have. Other insurance people might get is homeowners insurance. Homeowners Insurance he
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