The Importance of Health and Life Insurance | Health Fiend

health and life insurance

The Importance of Health and Life Insurance

Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefits) upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger payment. The policy holder typically pays a premium, either regularly or as a lump sum. Other expenses (such as funeral expenses) are also sometimes included in the premium; however, in Australia for example the predominant form simply specifies a lump sum to be paid on the policy holder death.

The advantage for the policy owner is peace of mind. in knowing that the death of the insured person will not result in financial hardship for loved ones.

Life policies are legal contract... http://insurance-car.ucoz.com/news/health_and_life_insurance/2013-06-26-4081

This highly informative article

health and life insurance

Health and Life Combos:

A Great Way to Save?

You purchase health and life insurance policies for a similar reason-to create a safety net for you and your family.

When you buy a health and life insurance combo from the same agent, you often stand to save money. Insurers offer incentives when you purchase two policies simultaneously; you save because you're giving them more business.

Benefits of a Combo

The reason you get a few dollars knocked off the price when you buy two T-shirts instead of just one is the same reason you get a discount when you purchase two different policies from the same insurer. They want you to buy more.

When it comes to clothing, this may not be advantageous. After all, you can only have so many T-shirts! But if you're in the market for both health and life insurance, why not get them in the same place and save a... http://insurance-a.ucoz.com/news/health_and_life_insurance/2013-06-26-3890