Insurance is essential because it financially protects you or your loved ones against unexpected events such as hospitalization, critical illness, or even the unthinkable. When it comes to something so important, it’s advisable to avoid insurance mistakes for better financial planning and proper coverage. To avoid confusion, here’s a guide to avoid those mistakes. Source: Giphy Delaying getting insurance You may feel young, and that your insurance risk is very low. But so long as you are uninsured, uncertainty looms over your financial planning and financial worries can remain.
You’ve met the one, settled down, and had kids. That comes with responsibilities not only to yourself but your family. With a spouse and kids now to support alongside your parents, the years can become financially demanding with expenses such bills, mortgage, petrol, etc. What if the unthinkable happens and your family has to go on without you providing or even having to bear your debts? What if you can’t afford your medical bills? What if you do not have enough for retirement, and one day you might have to rely on your family? It’s important to be financially protected against
Young and single? Feeling healthy? Have no commitments to a spouse or any children? So why get insured? As an overall benefit of being young, it’s because premiums are cheaper and you could be saving money in the long-run. But there’s more to it! Here are 4 types of insurance to consider as a young single person and why. Medical Insurance You may have lower health risks, but nobody is risk-free. Unexpected medical bills can occur at any age. Also, your family may have a medical history which would make getting insured even more important. Being young and single, and still
There are a few factors to consider when it comes to getting yourself a medical insurance policy. Things like the list of benefits covered are important, but how much do you know about the annual and lifetime limits on your medical insurance plan – and how they impact the policy overall? Besides affecting the coverage amount of your insurance policy, annual and lifetime limits play a part on the price of your premium as well. Find out more about annual limits, lifetime limits, and how they relate to your medical insurance policy below. As you can see, the limits on your medical insurance