Insurance is a service or plan you purchase with the intention of guarding against loss of life, property, or health, as well as theft or damage.
Bonds  are a common form of investment. Purchasing a bond means lending your money to a company or government, in return for an interest. This is generally a safe but low-returns type of investment, where you get your money back and make a small profit. You may want to get bonds if you want to earn a higher interest than a savings account, but are not willing to take risks to earn higher.
Stocks  equates to you being part owner of a business. When you purchase stocks from a publicly-listed company, you become entitled to its profits and earn dividends. While they can potentially net you a larger profit, stocks are high-risk and returns are not  guaranteed. If you have money …