Beneficiary

It’s easy to mix up life insurance and medical insurance as they are sometimes bundled under one policy. Knowing the difference between life insurance vs medical insurance can help you make educated decisions about your insurance coverage or determine if you are appropriately insured. In this article, we will delve deeper into the main differences between life and medical insurance. ​ Source: The Simpsons What is Life Insurance? Life insurance is a contract that pays your beneficiaries a death benefit if you die. It can also cover long-term care costs for total & permanent disability

Life insurance is a contract between an insurer and a policy owner. If you are insured, understanding your policy ensures you can enhance your financial protection while also avoid leaving gaps. A lack of understanding may cause unwanted surprises which may have adverse financial consequences. The thing is...insurance policies can be difficult to understand for policyholders! Don’t fret! We’ve listed down the key things you should understand from your insurance policy to help you on your financial protection journey. ​ Source: memegenerator.net Type of plan Whether it’s life insurance,