You who are still single are often faced with the choice between life insurance or health insurance. Actually, both insurance are both good, both beneficial. But the benefits offered are different. So before registering, you must understand the benefits provided. An explanation of life insurance and health insurance will be explained in the next paragraph.
Life insurance is insurance that can protect you from the risk of death. This insurance can also protect you from the risk of permanent total disability. Life insurance will guarantee your financial loss by providing insurance costs. These insurance costs can be used by the people you leave to meet their needs.
Unlike life insurance, health insurance can protect you from health risks. This insurance can compensate your financial losses by paying for your treatment at the hospital. You can also use health insurance for dental care, pregnancy, and other health problems. Health insurance has a variety of variations. There is health insurance that offers compensation for hospitalization, outpatient care, and cash reimbursement.
After reading the difference between life insurance and health insurance, of course you can understand the two insurance matters. It is difficult to make choices, because both have important roles. If you register both insurance, the costs incurred will be more expensive. You can consider carefully with the following considerations.
Before buying insurance products, you must plan how much budget you provide to pay for the premium. Because, your income must also be used for other purposes. So you need to plan how much the budget for insurance, so that funds for other needs are not disrupted. Insurance costs differ depending on the type and benefits offered. Between life insurance and health insurance, health insurance premiums are more expensive.
Then, make sure you have an emergency fund. You can use these funds to decide to join life insurance or health insurance only. You can use emergency funds for medical funds, so you can take life insurance. If you are a typical person who easily falls ill and is often hospitalized, you should have health insurance. If not, you should have life insurance. Especially if you have dependents such as family or children. So that if you die, the family left behind can be borne by the insurance for living expenses.
After reading this article, you certainly can determine which insurance option is more suitable for you. Do not let the wrong choice.