👉 Insurance for Individuals: The term "insurance" is so commonplace that it's often misunderstood and thought of as just a fancy name for insurance policies, but in reality, it's actually the umbrella umbrella over which all forms of risk are insured.
Example Sentence: "Unfortunately, this particular policy is designed specifically to cover the unexpected expenses associated with health issues and medical bills." Explanation: Insurance acts as an umbrella around everyone, protecting them from all sorts of risks. This way, when faced with a sudden illness or injury, they don't have to worry about how much money they'll need to pay for their care, which can be stressful and confusing.
