|
Life and health insurance covers are very vital for the well being of a family. They both cover the family against any possible catastrophes or disasters that strike unexpectedly. Some people just take one for their families while some take up both of them.
Life cover involves a contract between the insurer and the policy holder that a payment will be made out to the beneficiaries stated in the contract upon death of the insured person. Sometimes it goes ahead to cover funeral costs if the family members are unable to cater for them.
The payout to the family is either made as a lump sum or in installments. It is a way to ensure that your family will be catered for after you are gone. This form of cover is not a vital one to have because you might as well leave your inheritance in form of savings in banks.
Health covers on their part are a protection against medical expenses incurred when unexpected sicknesses strike family members. All medical bills are taken care of by the cover. It takes up different forms ranging from a comprehensive one that covers any kind of illness, which is usually the best to have, to specific covers against major diseases.
This cover is very important to have. In fact many employers and government agencies require that their employees pick one for them and their families. There have been previous occasions when a medical bill becomes too much. This leaves the family bankrupt or having to hold a fund raising which is sometimes embarrassing.
Depending on what you decide you might just have one or both. There are very many companies that provide both life and health insurance and you can visit them online. They give their online visitors quotes based on what they fill in their inquiry form because the premiums payable are determined by many varying characteristics.
Life cover involves a contract between the insurer and the policy holder that a payment will be made out to the beneficiaries stated in the contract upon death of the insured person. Sometimes it goes ahead to cover funeral costs if the family members are unable to cater for them.
The payout to the family is either made as a lump sum or in installments. It is a way to ensure that your family will be catered for after you are gone. This form of cover is not a vital one to have because you might as well leave your inheritance in form of savings in banks.
Health covers on their part are a protection against medical expenses incurred when unexpected sicknesses strike family members. All medical bills are taken care of by the cover. It takes up different forms ranging from a comprehensive one that covers any kind of illness, which is usually the best to have, to specific covers against major diseases.
This cover is very important to have. In fact many employers and government agencies require that their employees pick one for them and their families. There have been previous occasions when a medical bill becomes too much. This leaves the family bankrupt or having to hold a fund raising which is sometimes embarrassing.
Depending on what you decide you might just have one or both. There are very many companies that provide both life and health insurance and you can visit them online. They give their online visitors quotes based on what they fill in their inquiry form because the premiums payable are determined by many varying characteristics.
Widget by Css Reflex | TutZone
No comments:
Post a Comment