Insurance transfers the risk of financial loss that all insurance participants may bear. Generally, the insurance most often used by the public is health insurance and life insurance.
When you want to buy insurance, people will usually need clarification about which to choose between the two insurance products. Therefore, you must first identify each insurance product.
Health Insurance
Health insurance is an insurance product that guarantees costs when the insurance owner experiences health problems such as illness or accident. Hospital costs covered by insurance usually include doctor fees, hospitalization, medication, surgery, and medical procedures, depending on the conditions stated in the policy.
Life Insurance
Life insurance is an insurance product that covers financial losses if the insurer dies. The cost of insurance coverage will later be given to the heirs listed on the policy, and the amount of coverage will be adjusted to the premium taken each month.
Of These Two Insurance Products, Which One Is More Important?
Back again to your personal needs. If you are single and have stable finances, buy life insurance with health insurance as additional protection. If you are single and the company only provides reimbursement facilities for health problems, then it's a good idea to buy health insurance. However, if you are married and want to give your wife or child an inheritance, buy life insurance.
Thus the discussion regarding the priority order of health and life insurance products. In the end, everything has to be seen from your personal needs.
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