The world of insurance is so vast. It allows us to protect ourselves from a set of situations that have financial impact (and not only). In this article we will tell you generally about life insurance, health insurance and personal accident insurance and show you how to complement each other.
Life insurance is a type of insurance that guarantees compensation in case of death or disability of the insured person. Your coverages are triggered by the occurrence of a claim as being the illness or an accident and allow compensation to your beneficiary. In this case, we can have pure, safe insurance that are at the same time life insurance and savings products or life insurance credit housing
Personal Accident Insurance
Personal accident insurance is a distinct type of insurance. This insurance guarantees compensation in case of an accident and may resemble life insurance coverage and practical implications.
Health Insurance is an increasingly popular insurance with increasing rates of moderation in the National Health Service and delays in treatments and consultations in this service. Thus, they are insurance that guarantee the reimbursement of expenses, the provision of health care, the cost of hospitalization and some discounts on health care providers. See “Choosing Health Insurance”.
Which of the Options to choose?
In practice, you do not have and should not choose one over the other. The three types of insurance are complementary and their hiring can occur simultaneously. They are not exclusive. In your specific case, you should consider your needs and the needs of protecting your family from the impacts of unfortunate events. It is true that we do not like to pay for insurance (for some reason we only want to have auto insurance with the minimum cover), but we like to be cautious about the eventualities that put our safety in question.