Those who buy life insurance generally do so to help ensure their loved ones
are taken care of financially. Life insurance is
a promise by an insurance
company to pay those who depend on you a sum of money
upon your death. In return, you make periodic payments called premiums.
Premiums can be based on
factors such as age, gender, medical history and the dollar amount of the
life insurance you purchase.
Health insurance is a good way to help you manage your health care costs. You pay health care companies premiums – a set amount of money
each month –and you get benefits
to pay for your eligible
health care expenses.
This can include regular doctor checkups or injuries to treatment for long-term illnesses.
DISCOUNTS & COVERAGE
Life
In the event of your passing, life insurance provides money directly to the individuals you select, your beneficiaries, who can use the money as they see fit, including:
- Replacing lost income.
- Covering basic living expenses.
- Household debts, estate taxes and funeral expenses.
- Funding a child’s education.
- Supplementing retirement savings.
- Investment funding.
Health
Health insurance is a good way to help you manage your health care costs. This can include regular doctor checkups or injuries to treatment for long-term illnesses.
- Prepare for the unexpected. You never know when you’ll need medical help.
- Staying healthy. Many preventive care services – like checkups – are covered at 100%.
- It’s the law. Under the Affordable Care Act, you may pay a penalty if you don’t have qualified health care coverage.
